Will You Be Able To Retire Wealthy?

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| By EquityTrust

EquityTrust

Community Contributor

Quizzes Created: 1 | Total Attempts: 942

Questions: 6 | Attempts: 942 | Updated: Mar 21, 2022

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Will You Be Able To Retire Wealthy? - Quiz

Are you concerned about your financial future? Are you doubting whether or not you'll have enough to live comfortably in your golden years? There are many ways to eliminate all financial doubts, taking this quiz will be one of them!

Questions and Answers

1.

Are/were your parents rich?
- A.
  
  Yes. They have lots of money, houses, cars, clothes, and jewels
- B.
  
  No, but they have/had a comfortable life
- C.
  
  Not at all
2.

Do you have a pension?
- A.
  
  Yes, guaranteed in full
- B.
  
  Yes, but is in danger of being reduced//partial pension
- C.
  
  I wish!
3.

What’s your annual salary?
- A.
  
  $200,000+
- B.
  
  $70,000 - $200,000
- C.
  
  $70,000 or less
4.

Do you have a lot of debt?
- A.
  
  No debt at all
- B.
  
  Yes, some student loans, some credit cards, a couple car loans and a mortgage
- C.
  
  A ton, my kids’ will be paying off my debts
5.

Are you thinking about preparing for retirement?
- A.
  
  Yes, I have planned, am actively saving and have one or more retirement plans such as a 401(k) or IRA
- B.
  
  I have some savings in a 401(k) or other employee-based plan, but I should be saving more
- C.
  
  Does playing the lottery count?
6.

Are you actively strategizing on how to reduce your taxes?
- A.
  
  Yes, I am investing in government-sponsored retirement plans that can reduce taxes and taking advantage of other tools to reduce my yearly 1040 income
- B.
  
  I take the basic annual deductions
- C.
  
  No, unless thinking of not paying them at all counts

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Current Version
Mar 21, 2022

Quiz Edited by
ProProfs Editorial Team
Feb 21, 2014

Quiz Created by
EquityTrust

Will You Be Able To Retire Wealthy?

Are/were your parents rich?

Do you have a pension?

What’s your annual salary?

Do you have a lot of debt?

Are you thinking about preparing for retirement?

Are you actively strategizing on how to reduce your taxes?