Will You Be Able To Retire Wealthy?

6 Questions | By EquityTrust | Updated: Mar 21, 2022 | Attempts: 940

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!

You May Get

Yes! you have a good chance of comfortably retiring.

Congratulations! By the looks of it, you have a good chance of comfortably retiring. You have been saving money by avoiding needless expenses a good idea of investing in the right stocks.

Your chances are 50-50 that you’ll end up retiring comfortably.

You are doing fine but you need to slow down a bit! You seem to have a good understanding of saving and investing but you still have a tendency of spending too much. You need to research on some simple strategies that could potentially help your short- and long-term financial goals (and possibly save on taxes for your current fiscal year).

& many more results.
Start this quiz to find your result.

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