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WOMEN'S PLANNING QUIZ



Take a moment to see how many of these questions regarding women's lives and the way women plan for the future you can answer correctly.
1. __________ of women end up managing their own finances at some point in their lives.
a.  10-20% b.  55-60%  c.  80-90% d.  95-100%
2. Most women invest their retirement portfolios __________.
a.  in investments that are suitable given their investment profile.
b.   in investments that are too risky.
c.  in investments that are too conservative.
3. What percentage of pre-retirement income (average income during your last five years before retirement) do many experts say you will need to live comfortably once you've retired?
a.  Less than 30% b.  40-50% c.  60-70% d.  70-80% e.  More than 80%
4. If a 45-year-old woman plans to retire at age 60, how many years can she expect to live in retirement?
a.  10 years b.  12 years c.  19 years d.  21 years
5. Inflation stays at 4% per year, how much would a $50 restaurant dinner for two cost in ten years?
a.  $54 b.  $60 c.  $74 d.  $80
6. If a person can only afford to invest $50 a month, she shouldn't bother.
a.  True b.  False c.  Don't know
7. A 65-year-old retiring this year with an annual income of $50,000 can expect roughly what percentage of that $50,000 to be replaced by Social Security?
a.  20% b.  30% c.  50% d.  70% or more
8. What percentage of women had no life insurance in 1992?
a.  10% b.  25% c.  33% d.  50%
9. In estate planning, the "unlimited marital deduction" can be a tax time bomb.
a.  True b.  False c.  Don't know
10. What percentage of women don't feel prepared for retirement and are concerned about outliving the money they've put away?
a.  Less than 30% b.  45% c.  58% d.  70%