Take the Fiscal Fitness Challenge

 

1) Since I already have health insurance, I don’t need any additional
savings for healthcare expenses. True
False
2) What can I do today to reduce the risks of chronic disease
in the future? a. Regular Exercise
b. Eat a healthy diet
c. Live smoke-free
d. All of the above
3) Medicare will cover my long-term care expenses, if I ever need it. True
False
4) Diets are safe and the best way to maintain a healthy weight. True
False
5) Only older and retired persons need to have a will prepared. True
False
6) How many servings of fruits AND vegetables should I have a day? a. 1-2
b. 2-3
c. 4-6
d. 5-10
7) How often should I review all of my legal documents? a. Once every three years
b. When a life change occurs (birth, death, marriage, divorce)
c. When I change a job or retire
d. All of the above
8) I should add my children and/or grand-children as a joint-owner on
my financial and savings accounts. True
False
9) Protein is stored in the body, so it is not necessary to replenish our
protein supply each day. True
False
10) What is the best way to protect my principal yet still participate in
the increase of the stock market? a. Mutual Funds
b. Index Fund
c. Fixed Indexed Annuity
d. Municipal Bond
11) Is it ever “too late” to start becoming physically active? Yes
No
12) Investing in Exchange Traded Funds (ETF’s) allows me to become
a 21st Century Investor because it: a. Has no front end loads of charges
b. Is an Indexed Mutual Fund that trades like a stock
c. Is nearly 100% tax efficient
d. All of the above
13) On average, how long does it take your body to show the results
of physical activity? a. Immediately
b. 2 – 4 weeks
c. 6- 8 weeks
d. 10 – 12 weeks
14) What percentage of a 70 year olds’ portfolio should be invested
in the stock market? a. 30%
b. 50%
c. 70%
d. 100%
15) What is the first thing I need to do to get started on a physical
and financial routine? a. Make a Commitment
b. Find a physical/financial fitness partner
c. Hire a trainer
d. Find Extra time