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What's the most important first step to take towards achieving your financial goals? Selected Answer: c. Figure out which goals are achievable and worth striving for Answers: a. Contribute regul ... arly to an IRA or 401(k). b. Work hard so you'll get promoted to a better job. c. Figure out which goals are achievable and worth striving for d. Put yourself on a tight budget to get spending under control. Question 2 1 out of 1 points Two people save money in a tax-deferred Individual Retirement Account that earns 8% annually. Person A invests $ 3,000 a year from age 20 to 29, but then never saves another penny. Person B starts investing $ 3,000 a year at age 30 and saves that same amount annually for the rest of his life. Who has more money in the account at age 65? Selected Answer: a. Person A Answers: a. Person A b. Person B c. They both have the same amount of money. Question 3 1 out of 1 points True or False? If you have a spouse or significant other and/or children, make sure that each person is part of the goal-setting process. Selected Answer: a. True Answers: a. True b. False Question 4 1 out of 1 points Why should one narrow his/her objectives when setting financial goals? Selected Answer: b. A person will be more likely to achieve the goals that have the highest priority. Answers: a. Only one goal should be att [Show More]
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