are you smarter than the average person in financial planning?
TRANSCRIPT
Are You Smarter Than The Average Person
in Financial Planning?
Are You Smarter Than The Average Person
in Financial Planning?
Are You Smarter Than the Average Person in Financial
Planning?
Are You Smarter Than the Average Person in Financial
Planning?
1,000,000
Level 5: Saving & InvestingLevel 5: Saving & Investing Level 5: Insurance
Level: 4 TaxesLevel: 4 Taxes Level 4: Retirement
Level 3: Estate PlanningLevel 3: Estate Planning Level 3: Saving & Investing
Level 2: InsuranceLevel 2: Insurance Level 2: Taxes
Level 1: RetirementLevel 1: Retirement Level 1: Estate Planning
500,000
300,000
175,000
100,000
50,000
25,000
10,000
5,000
2,000
1,000
.
Level 5: Saving & InvestingLevel 5: Saving & Investing
One of Standard and Poor’s stock indices, the S&P 500, reports performance of which type of stocks?A. Large Cap stocksB. Mid Cap stocksC. Small Cap stocksD. International stocks
One of Standard and Poor’s stock indices, the S&P 500, reports performance of which type of stocks?A. Large Cap stocksB. Mid Cap stocksC. Small Cap stocksD. International stocks
Level 5: Saving & Investing Answer
Level 5: Saving & Investing Answer
Large Cap Stocks Large Cap Stocks
Return
Level 5: InsuranceLevel 5: Insurance These two requirements outlined in a
health insurance contract require you to pay for a portion of your losses when you file a claim.A. Premium and CopaymentB. Deductible and CoinsuranceC. Coinsurance Cap and RateD. Stop-loss Provision and Beneficiary
These two requirements outlined in a health insurance contract require you to pay for a portion of your losses when you file a claim.A. Premium and CopaymentB. Deductible and CoinsuranceC. Coinsurance Cap and RateD. Stop-loss Provision and Beneficiary
Level 5: Insurance AnswerLevel 5: Insurance Answer
Deductible and Coinsurance Deductible and Coinsurance
Return
Level 4: TaxesLevel 4: Taxes When making charitable
contributions, an individual can take a deduction for all of the following EXCEPT: A. Vehicle expenses.B. Supplies purchased.C. Time spent volunteering.D. Cash donations.
When making charitable contributions, an individual can take a deduction for all of the following EXCEPT: A. Vehicle expenses.B. Supplies purchased.C. Time spent volunteering.D. Cash donations.
Level 4: Taxes Answer Level 4: Taxes Answer
Time spent volunteering Time spent volunteering
Return
Level 4: RetirementLevel 4: Retirement When you have worked long enough
to gain the right to the portion of pension benefits paid in by the employer on your behalf, you:A. Earn a gold watch.B. Become portable.C. Become vested.D. Become loaded.
When you have worked long enough to gain the right to the portion of pension benefits paid in by the employer on your behalf, you:A. Earn a gold watch.B. Become portable.C. Become vested.D. Become loaded.
Level 4: Retirement AnswerLevel 4: Retirement Answer
Become Vested Become Vested
Return
Level 3: Estate PlanningLevel 3: Estate Planning
The administrator of an estate is NOT entitled to any compensation from the deceased’s estate.True or False
The administrator of an estate is NOT entitled to any compensation from the deceased’s estate.True or False
Level 3: Estate Planning Answer Level 3: Estate Planning Answer
False False
Return
Level 3: Saving & InvestingLevel 3: Saving & Investing An investment made by individuals
loaning money to a government agency is called what?A. Pay Day LoanB. StockC. Municipal BondD. Capital Expenditure
An investment made by individuals loaning money to a government agency is called what?A. Pay Day LoanB. StockC. Municipal BondD. Capital Expenditure
Level 3: Saving & Investing Answer
Level 3: Saving & Investing Answer
Municipal Bond Municipal Bond
Return
Level 2: InsuranceLevel 2: Insurance Purchasing insurance is a way to
_______ risk.A. Receive B. Transfer C. AvoidD. Accept
Purchasing insurance is a way to _______ risk.A. Receive B. Transfer C. AvoidD. Accept
Level 2: Insurance AnswerLevel 2: Insurance Answer
Transfer Transfer
Return
Level 2: TaxesLevel 2: Taxes All of the following are income tax
filing statuses EXCEPT:A. Married filing separately.B. Head of household.C. Qualifying widow(er).D. Qualifying minor.
All of the following are income tax filing statuses EXCEPT:A. Married filing separately.B. Head of household.C. Qualifying widow(er).D. Qualifying minor.
Level 2: Taxes AnswerLevel 2: Taxes Answer
Qualifying Minor Qualifying Minor
Return
Level 1: RetirementLevel 1: Retirement
Making a $1,000 contribution to an IRA and having $2,000 at the end of the period is referred to as ____________.A. Future monetary valueB. Time value of moneyC. Future moneyD. Mo money
Making a $1,000 contribution to an IRA and having $2,000 at the end of the period is referred to as ____________.A. Future monetary valueB. Time value of moneyC. Future moneyD. Mo money
Level 1: Retirement AnswerLevel 1: Retirement Answer
Time Value of Money Time Value of Money
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Level 1: Estate PlanningLevel 1: Estate Planning If other legal requirements are
met, which type of will would be legal in Georgia?A. A Video Recorded WillB. An Audio Recorded WillC. A Handwritten WillD. None of the Above
If other legal requirements are met, which type of will would be legal in Georgia?A. A Video Recorded WillB. An Audio Recorded WillC. A Handwritten WillD. None of the Above
Level 1 Estate Planning Answer Level 1 Estate Planning Answer
A Handwritten Will A Handwritten Will
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Million Dollar Question:
Retirement
Million Dollar Question:
Retirement
1,000,000 Question1,000,000 Question If certain qualifying conditions are
met, which retirement account would the earnings be tax-free in retirement?A. Traditional IRAB. 401(k) PlanC. Roth IRAD. 403(b) Plan
If certain qualifying conditions are met, which retirement account would the earnings be tax-free in retirement?A. Traditional IRAB. 401(k) PlanC. Roth IRAD. 403(b) Plan
1,000,000 Answer 1,000,000 Answer
Roth IRA Roth IRA
Return
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