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Questions and Answers
What is retirement planning?
What is retirement planning?
- The process of working part-time after retirement for extra income
- The process of preparing for retirement by saving money and investing (correct)
- The process of relying solely on government assistance after retirement
- The process of traveling and enjoying leisure activities after retirement
What is estate planning?
What is estate planning?
- The process of donating all assets to charity before retirement
- The process of transferring all assets to the government after retirement
- The process of selling off all assets before retirement
- The process of creating a plan for how your estate will be distributed after you die (correct)
What is Social Security in the Philippines?
What is Social Security in the Philippines?
- An investment scheme for expatriates in the Philippines
- A private retirement savings plan for high-income individuals in the Philippines
- A program exclusively for overseas Filipino workers providing healthcare benefits only
- A government-run social security program providing retirement, disability, and survivors benefits to employed Filipinos (correct)
Who is eligible for the Government Service Insurance System (GSIS)?
Who is eligible for the Government Service Insurance System (GSIS)?
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What funds the Social Security program in general?
What funds the Social Security program in general?
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