Retirement Planning and Savings Quiz
Interactive Video
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Nancy Jackson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the perceived amount needed for retirement according to a Charles Schwab study?
$1 million
$2 million
$1.8 million
$1.5 million
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Fidelity, what percentage of your annual income should you plan to spend in retirement?
50%
60%
70%
80%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the basic premise of the 4% rule in retirement planning?
Withdraw 6% of your savings in the first year, adjusted for inflation
Withdraw 5% of your savings annually
Withdraw 4% of your savings in the first year, adjusted for inflation
Withdraw 2% of your savings annually
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the founder of the 4% rule?
William Bengen
Morning Brew
Charles Schwab
Fidelity Investments
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a 4.7% withdrawal rate affect the amount needed for retirement compared to a 4% rate?
Increases the amount needed
Decreases the amount needed
Has no effect
Doubles the amount needed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average monthly Social Security benefit as of January 2024?
$1,500
$1,800
$2,000
$2,200
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What savings rate is suggested to potentially retire within a decade?
10%
25%
50%
65%
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
