wise practice questions with correct answers

A person who is planning to retire can receive income from all of the following sources EXCEPT: Answer Term life insurance. What should a 50 year old person know about withdrawing money from her traditional individual retirement account ( traditional ira)? Answer There is a 10% penalty on any money taken out of traditional ira before age 59 1/2. how does having a savings account help a person's financial wellbeing? Answer it enables a person to save for major purchases. employment, collecting rent, owning a business, and making a profit on selling a collectible are examples of: Answer income generated from a variety of sources. Which of the following statements is false? Answer stock dividends are paid every year to investors by all public corporations. Before investing in stocks, a person should: Answer have w sufficient amount of money in an emergency fund. The total number of shares held by all shareholders in a company is called the : Answer outstanding shares. The more risk an insurance company has to take when insuring a person, the : Answer higher the cost of the premium.