MyVizer

Join myVizer.com


	myVizer.com Personal Finance Quiz If an investment earns 8% annually it will double in approximately 4 years 6 years 9 years 12 years Dollar Cost Averaging is Investing a fixed amount at specific intervals A market timing scheme A method of buying high and selling low All the above Which of the following provides a guaranteed rate of return Stocks Real estate Savings Account All the above A Roth IRA Offers a tax deduction on contributions Allows for tax-free withdrawals after age 59 ½ Is a good place for your cash reserves Allows for annual contributions if you earn $250,000 Which of the following are ways to save for college 529 plan Coverdell ESA EE Savings Bonds All the above The safest place for your Cash Reserves is Variable Annuity Growth Stock IRA Savings Account What type of retirement plan pays you a fixed amount each month 401k IRA Pension Your wealthy uncle The difference between level term life and permanent life insurance Permanent life builds a cash value Level term is generally less expensive coverage Term coverage is designed as temporary coverage for a set period (term) All the above Inflation is generally defined as A great thing for people on a fixed income The growth in your 401k When the discount superstore lowers the price on your favorite item The annual increase in how much you pay for goods and services Which of the following tends to have the highest growth over long periods Stocks Savings bonds Savings accounts Money Market accounts Disability insurance is important during your working career because It pays a monthly benefit if you are ill or injured and can't work That duck on the commercial will come to your office It will pay your beneficiaries when you die Provides routine dental exams If you die without a Will, who decides where your assets go? Your kids Your financial advisor Your best friend The Courts Diversification is a strategy to Mix different assets within your portfolio Reduce the volatility in your portfolio Prevent sudden drops in your portfolio due to concentrated holdings All the Above A Homeowners Insurance policy with "replacement cost" coverage Only pays for the depreciated value of damaged property Replaces damaged article with one of similar type and quality Is less beneficial than "actual cash value" coverage All the Above Medicare is A government retirement plan that pays you monthly Government sponsored healthcare program for people over the age of 65 A great tool for covering your Long Term Care expenses in retirement None of the Above Which of the following would be an appropriate investment for your IRA Municipal bonds Collectible Art Mutual Funds Penny Stocks A Large Cap Growth fund Invests in small speculative companies Is used for investors seeking dividend income Invests in Large companies that have above average growth rates Typically holds a large amount of fixed income securities Asset Allocation is Diversifying your investment account across different asset classes Another tool to spread out the risk in your portfolio Mixing your investments across Large, Mid, Small & International stocks All the Above The abbreviation "IRA" stands for Individual Retirement Account Interest Receiving Account Independent Retirement Accomplished I'm Retired Already The best way to achieve long term financial security A wealthy relative The lottery A financial plan and savings strategy Investing in your cousins "can't fail" business venture

Would you like to become a Financial Superhero? Click Here to learn how.

All information collected at this Web site will be used for financial planning purposes only. Calculators are for demonstrative purposes only. This information is provided to help educate users on financial topics, but should not be considered as their sole source for financial decisions or financial advice. This information is from sources we believe to be reliable but cannot guarantee its accuracy.

myVizer.com copyright© 2008 The Advisory Firm, LLC