Retirement Planning and Estate Management
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • 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?

  • 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)?

    <p>Government employees and their dependents</p> Signup and view all the answers

    What funds the Social Security program in general?

    <p>Payroll taxes paid by both employees and employers</p> Signup and view all the answers

    More Like This

    Introduction to Pension Schemes Quiz
    10 questions
    Pension Schemes Introduction Quiz
    5 questions
    Retirement Income Planning Checklist
    39 questions
    Use Quizgecko on...
    Browser
    Browser