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Atbis
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Quizzes Created: 1 | Total Attempts: 78
Questions: 5 | Attempts: 78

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• 1.

### 1.     Starting your savings plans early can make it much easier to achieve your retirement dreams.  If I start saving \$3000 each year at age 25 instead of waiting until age 40, how much more will I have when I retire at 65? The extra \$45,000 I contribute will result in:

• A.

An increase in savings balance of \$475,918 at age 65

• B.

An increase in savings balance of \$409,158 at age 65

• C.

An increase in savings balance of \$184,195 at age 65

B. An increase in savings balance of \$409,158 at age 65
Explanation
A) start at age 25 and not 45
B) I would have nearly \$600,000 to fund my retirement lifestyle instead of less than \$190,000 in savings
C) start at age 25 and not 35 – this is still double the amount I would have if I waited just 10 years to start

LESSON = To make it easier for Albertans to achieve their long term goals, all associates need to introduce the topic of saving for long-term goals into conversations with their clients. Every ATBIS client is assigned to an advisor who will monitor their progress and support them on their journey to achieving their dreams.

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• 2.

### Market based investments can make it easier to achieve retirement goals.  Roughly how long will \$1 Million in a balanced portfolio provide me with an annual income[1] of \$75,000? [1] Assumes a rate of return of 7%

• A.

16 years

• B.

25 years

• C.

40 years

A. 16 years
Explanation
Answer: A) 16 years at current GIC rates

LESSON = Investors saving for long-term goals should consider market-based investments as one of their product alternatives. ATBIS advisors offer unbiased product recommendations across a wide range of products choices.

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• 3.

### 1.     Unfortunately, investors tend to buy stocks when they are high and sell when they are low.  If an investor started with \$10,000 and missed[1] only the 3 best month’s performance[2]  during the ten years spanning 1997 to 2006, what impact would this have on their final investment balance? [1] They had temporarily moved their investments into T-Bills [2] Based on the S&P/TSX Total Return Index

• A.

\$2,688 less after 10 years

• B.

\$6,722 less after 10 years

• C.

\$17,642 less after 10 years

C. \$17,642 less after 10 years
Explanation
LESSON = Investors need an advisor to guide their investment decisions and prevent them from making mistakes. ATBIS advisors take pride in educating clients, defining a savings plan and, over time, making our customers better investors.

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• 4.

### 1.     Albertans who choose market-based investments have the potential for increased long-term returns but will experience short term fluctuations in market values.  Historically[1], what percent of all 1-year periods had negative returns? [1] S&P/TSX Total Return Index over a 73-year period from 1934 to 2006.

• A.

26%

• B.

12%

• C.

4%

A. 26%
Explanation
Answer: A) 26% (Market fluctuations are a normal part of investing)

LESSON = While market volatility is a concern for short-term investors, individuals saving for the long-term can improve their overall return. ATBIS will help the client determine what investment type is right for their unique circumstances because we understand our clients.

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• 5.

### 1.     Clients with defined financial goals enjoy increased peace of mind and confidence that they will achieve their dreams.   Approximately how much should I save[1] monthly if I’m starting 30 years before I retire and I want to have \$500,000 saved for retirement? [1] Assumes a rate of return of 7%

• A.

\$200

• B.

\$275

• C.

\$400

C. \$400
Explanation
LESSON = Most clients find it difficult to define their retirement goals without help. ATBIS develops a deep understanding of our client’s values and goals as a foundation for providing comprehensive investment planning advice.

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• Current Version
• Jul 25, 2023
Quiz Edited by
ProProfs Editorial Team
• Feb 28, 2010
Quiz Created by
Atbis

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