Final Exam - Financial Planning

Question 1

To do

Answer 1

enroll in 401k, Roth IRA, health insurance, HSA, invest, advisor

Question 2

Is the unemployment rate dropping?

Answer 2

Yes, 4.1%

Question 3

Best financial practices

Answer 3

create assets, budget, save, invest, build credit, programs

Question 4

What makes up most of the compensation?

Answer 4

Health insurance

Question 5

What is the tax treatment for benefits?

Answer 5

401k tax deferred | Roth IRA tax free | Health tax free | HSA tax free

Question 6

Ideal budget

Answer 6

Saving 15, Fun 10, Tax 30, Foundation 45

Question 7

Investment tax strategies - tax deferred

Answer 7

401k, traditional IRA, Life Insurance Cash Value, Annuity

Question 8

Investment tax strategies - tax free

Answer 8

529 College, Roth IRA, HSA, Life Death Benefit, Municipal

Question 9

Fico score

Answer 9

timeliness payment 35, length credit history 15, inquiries 10, credit type 10, amt owed 30

Question 10

Good credit score to be above

Answer 10

720