Michelle Bertram · Bertram Financial

READY FOR THE FUTURE?

See How You Score on These 5 Key Retirement Questions

How confident do you feel about retirement planning?

While most people have a general sense of what they want in retirement, it’s easy to overlook the foundational concepts of retirement planning.

I’m going to share 5 multiple-choice questions about retirement planning. Do you feel you could you answer all 5 correctly?

Believe it or not, on average, US adults correctly answered only 2 out of the 5 questions I’ll share below.1

But not to worry, this is just for fun! You don't have to know it all; that is what we are here for! Your job is to tell us what you want, our job is to help turn that vision into reality.

So, ready for some fun? How fluent are you on the ins and outs of retirement?

Find out in the next 3-5 minutes by completing the brief quiz below!

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HOW FLUENT ARE YOU IN RETIREMENT PLANNING?

Take the Quiz to Find Out

Question # 1:

Social Security

WHICH STATEMENT ABOUT SOCIAL SECURITY IS FALSE?

A. The amount someone receives in Social Security benefits depends upon his/her earnings during the last two years of full-time employment.

B. A worker receives Social Security benefit payments if he/she becomes disabled before retiring.

C. Social Security benefit payments will continue as long as an individual is alive, no matter how long he/she lives.

D. Don’t know.

REVEAL ANSWER

Answer: A

42% of quiz takers got this right1

Question # 2:

Retirement Savings Strategies

Susan worries about living a long life and running out of money. What is one way for her to address that possibility?

A. Consider an annuity.

B. Consider life insurance.

C. There is nothing she can do about this.

D. Don’t know.

REVEAL ANSWER

Answer: A

53% of quiz takers got this right1

Question # 3:

Medicare

ON AVERAGE, MEDICARE AND OTHER GOVERNMENT PROGRAMS COVER HOW MUCH OF AN INDIVIDUAL’S HEALTH CARE EXPENSES IN RETIREMENT?

A. Over 90%.

B. About 2/3.

C. About 1/2.

D. Don’t know.

REVEAL ANSWER

Answer: B

30% of quiz takers got this right1

Question # 4:

Retirement Savings

LATISHA PLANS TO START SAVING FOR RETIREMENT BY SETTING ASIDE $2,000 THIS YEAR. HER EMPLOYER OFFERS A 401(k) PLAN AND FULLY MATCHES A WORKER’S CONTRIBUTIONS UP TO $5,000 EACH YEAR. UNDER WHICH SCENARIO DOES LATISHA HAVE THE LARGEST AMOUNT IN RETIREMENT SAVINGS AT YEAR-END?

A. She contributes $2,000 to the 401(k) plan and invests the money in a mutual fund that earns a 5% return during the year.

B. She contributes $2,000 to an IRA (individual retirement account) and invests the money in a mutual fund that earns a 5% return during the year.

C. It does not matter—she will have the same amount of year-end savings either way.

D. Don’t know.

REVEAL ANSWER

Answer: A

44% of quiz takers got this right1

Question # 5:

Longevity in Retirement

ON AVERAGE IN THE U.S., HOW LONG WILL A 65-YEAR-OLD MAN/WOMAN LIVE?

A. Man age 79/Woman age 82.

B. Man age 84/Woman age 87.1

C. Man age 89/Woman age 92.

D. Don’t know.

REVEAL ANSWER

Answer: B

32% of quiz takers got this right1

Please note, This is intended for illustrative purposes only and may not be indicative of your situation. Your results will vary.

SCORING & RESULTS

Congratulations! You’ve completed the quiz.

Now you can calculate your final score based on the number of correct responses you had.

0 Correct = 0%

19% of quiz takers got 0 answers correct.

1 Correct = 20%

20% of quiz takers got 1 answers correct.

2 Correct = 40%

23% of quiz takers got 2 answers correct.

3 Correct = 60%

21% of quiz takers got 3 answers correct.

4 Correct = 80%

13% of quiz takers got 4 answers correct.

5 Correct = 100%

4% of quiz takers got 5 answers correct.

A SOLID RETIREMENT PLAN STARTS WITH KNOWING THE RIGHT QUESTIONS TO ASK

FINANCIAL LESSON:

BOOST YOUR RETIREMENT FLUENCY & TAKE CONTROL OF YOUR FUTURE

What did you score on the retirement quiz?

Were you surprised by what you know… or what you may have missed?

Whatever your score, remember you are not in this alone; we are here to help!

Understanding the core concepts of retirement planning helps you uncover gaps, identify opportunities, and build confidence in your financial future.1

But having the ability to make sound retirement-related decisions is just as impactful.1

Again, you don’t have to do it alone.

We are here to help you navigate each step of the way.

Feel free to share this with friends or on social media, we find many love fun quizes like this!

 

Live Your Dream!

 

    Michelle and Bev

    Bertram Financial

    http://bertramfinancial.com

    608-987-1511

 

P.S. Sign up for my emails. My subscribers get my best insights.

Not receiving our newsletter?

Get insightful info on finances and more in your inbox every month with the

VISUAL INSIGHTS NEWSLETTER

We never spam. By clicking this button, you consent to be contacted by a financial professional, by phone, email, and/or automated SMS regarding your financial strategy. You may unsubscribe at any time. Consent is not a condition of receiving services.

Michelle and Bev

Bertram Financial

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http://bertramfinancial.com

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michelle@bertramfinancial.com

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608-987-1511

Sources

1. Tiaa, 2024 [URL: https://www.tiaa.org/content/dam/tiaa/institute/pdf/executive-summary/2024-04/tiaa_institute_gflec_retirement_fluency_pfin_summary_2024.pdf]

Content prepared by Snappy Kraken.

 

All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

This guide is provided for informational purposes only; it is not designed as advice for an individual’s personal situation. The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions.  Our firm does not provide, and no statement contained in the guide shall constitute, tax or legal advice. All individuals are encouraged to seek the guidance of a qualified professional regarding their personal situation. 

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