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investing & retirement group 6 Flashcards | StudBud

Explore/investing & retirement group 6

does everyone need estate planning

social security provides...

investing & retirement group 6

11 terms·StudBud Administration·25 plays

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Questions 11

Answers

1
social security provides...
free money
security for your home
retirement benefits and disability income
benefits like security and body guards
2
does everyone need estate planning
YES
doesn't matter
no
it's not important
3
what is estate planning
arranging/preparing for the management of a persons estate
buying a home and land
selling your estate
giving away your belongings for free
4
why is it important to have income during retirement
so you can sleep instead of work
so you dont have financial burdens
to go on vacation
spend money on fast food
5
average amount you can get a month with social security
none
$9,827
$1,827
$100000
6
social security benefits are based on
if you passed the test for social security benefits
how much money you make
if your job provides social security
earning records, age, and disability
7
what asset do people usually leave behind
phone
headphones
classroom
house
8
what is a will
legal document that decides where someones assets go after death
document that says you have no belongings
illegal document that gives away assets
paper that says your mom can have your house
9
who helps you with estate planning
doctor
ms.strange
attorney
parents
10
how can you qualify for social security benefits
work for 10 years
ask the judge for benefits
work for at least 1 year
being a single parent
11
what is one thing your will can decide
chooses your favorite color
decides who gets your leftovers in the fridge
gives away your social media
appoint a guardian to your minor children