Quiz 5: Making Your Money Last Check Your Understanding: Making Your Money Last Enter your text here 1. What rule has replaced the 4% rule? Convert 20 to 25% of your assets into an immediate annuity that will cover your fixed expenses -- or withdraw a smaller amount each year. The 5% rule. Everyone should visit a financial planner because there are no rules. 2. What is an immediate annuity? A savings account that doesn't charge a penalty for immediate withdrawals. A retirement account, like a 401(k), to which you have immediate access. A pension you buy by swapping a lump sum for immediate monthly payments. 3. Once you're in the withdrawal phase of retirement, how many years of expected income withdrawals should you have in safe money sources? Three to five years. Five to seven years. 10 years. Enter your text here Time's up SECTION 1: Getting Started Lesson 1: Introduction3:39 SECTION 2: Planning for Retirement Lesson 2: Talking Retirement 7:59 Check Your Understanding: Talking Retirement3 questions Lesson 3: Running the Retirement Numbers6:19 Check Your Understanding: Running the Retirement Numbers 2 questions Lesson 4: Boost Your Retirement Savings4:24 Check Your Understanding: Boost Your Retirement Savings 3 questions SECTION 3: Managing Savings and Expenses in Retirement Lesson 5: Social Security, Health Insurance, and Long-Term Care6:44 Check Your Understanding: Social Security, Health Insurance, and Long-Term Care4 questions Lesson 6: Making Your Money Last9:07 Check Your Understanding: Making Your Money Last3 questions
