Weegy: If your employer has a 401(k) plan and you don't contribute to it, you're walking away from one of the best deals out there. Ask your employer if they have a 401(k) plan (or similar plan), and sign up today. [ If you're already contributing, try to increase your contribution. If your employer doesn't offer a retirement plan, consider an IRA.
]
Auto answered|Score .8667|debnjerry|Points 9130|User: What is Social Security? Discuss how it fits into your retirement plan. There are concerns that Social Security may have trouble paying full benefits in the future. Why does this matter to you now?
Weegy: Social Security is a mandated supplemental retirement system in the US that was established in 1935 as part of Roosevelt's New Deal. [ It was motivated largely by the events of the Great Depression, which saw many Americans out of work and the nation's retired elderly often left in the direst of poverty. The intent of the Social Security program is to ensure a threshold subsistence level below which any worker who had paid into the program cannot fall. ]
Auto answered|Score 1|OU812vh1|Points 306|User: List two ways to begin putting aside money for investments. You can often save money by making small changes. Share one tip you think may help save some money in the long-run.
Weegy: What I do is from your monthly salary, I follow the rule of "paying yourself first" that means I make sure that I save part of it, then the rest is what I can spend. Not the other way around as what most people do. [ Secondly from the money that I can spend, I allocate a weekly allowance for myself, wherein I can't go over that limit. It's important not to cheat on this though. Also, whatever is left over on the weekly allowance, I use it as additional savings or if I wanna buy something that's not within my budget. The monthly savings is strictly the savings that I don't touch. I use it for real emergencies. ]
Auto answered|Score 1|erikai|Points 71|User: Discuss the type of financial needs you will have at retirement age. How important is retirement planning to you now? How important do you think it will be in 10 years?
Weegy: here are any number of financial needs that will arise when you reach retirement age. [ [ Medical costs tend to increase dramatically in retirement, as most people consume the vast majority of their lifetime medical needs during the later portion of their lives. Other costs can include mortgages or other debt, costs associated with travel or retirement leisure activities, and basic costs of living.
You can find more information about ways to minimize costs in retirement here:
www.newretirement.com/Services/Reducing_Expenses_to_Insure_Retirement_Security.aspx ] ]
Auto answered|Score .9543|bettyboop|Points 2105|User: What type of mortgage loan has a fixed rate, fixed term and fixed payment?
A. conventional mortgage.
B. fixed mortgage.
C. growing equity mortgage.
D. ARM.
Weegy: B. fixed mortgage
Auto answered|Score 1|kaycee23|Points 277|User: Which of the following statements is true concerning home equity loans?
A. Home equity loan proceeds are generally restricted as to purpose.
B. Home equity loan interest is never tax-deductible.
C. Home equity loans are secured by all of the borrower’s assets.
D. Home equity loans are generally installment loans with a 5-15 year term
Weegy: A. Home equity loan proceeds are generally restricted as to purpose.
Auto answered|Score .8667|darkangel20|Points 290|User: What is the term for a budget that starts with the absolute necessities and debt payments and then adds expenditures until there is no more cash?
A. net sum budget
B. line item budget
C. zero-based budget
D. pro forma budget
Weegy: The term for a budget that starts with the absolute necessities and debt payments and then adds expenditures until there is no more cash is B. a zero-based budget.
Auto answered|Score .9837|ramkitten|Points 6531|User: Which of the following is not a good reason to refinance a home mortgage?
A. A significant increase in the monthly payment.
B. A reduction in the term of the mortgage
C. Access to the equity in the home
D. A reduction in the interest rate of at least 1 percent
Weegy: c) A significant increase in the monthly payment is not a good reason to refinance a home.
Auto answered|Score .6|ramkitten|Points 6531|User: Which of the following is considered a sign of credit trouble?
A. You are making only minimum payments on your credit cards
B. You don’t use consumer credit to pay for regular expenditures
C. You keep track of your monthly expenditures to insure that your net monthly cash flow is on target
D. You have a small number of credit cards
Weegy: A sign of credit card trouble would be when you are only making the minimum payment on your credit cards.
Auto answered|Score 1|Sanpan|Points 121|User: When does repayment of a PLUS loan begin?
A. 6 months after graduation
B. 2 months after disbursement
C. 6 months after disbursement
D. 9 months after graduation
Weegy: B. 2 months after disbursement [
www2.ed.gov/offices/OSFAP/DirectLoan/parentrepay.html]
Auto answered|Score 1|debnjerry|Points 9130|User: What strategy can be used as a last resort if you will not be able to pay all your debts?
A. Move to another city and ignore the debt
B. Declare bankruptcy
C. Juggle bills so that you are always current on some
D. Get another credit card
Weegy: The strategy that a person would use if they cannot pay all of the debts would be to declare bankruptcy.
Auto answered|Score 1|Sanpan|Points 121|User: Which of the following is not one of the recommended solutions if you are having trouble making payments on your consumer credit?
A. take a second job
B. transfer balances to another credit card
C. sell some assets
D. live with your parents or other family members
Weegy: C. transfer balances to another credit card
Auto answered|Score 1|prettylass8831|Points 202|User: What information is included in your credit report?
A. Only information on open credit accounts
B. Only information on credit accounts with negative history
C. Information on employment, income, career projections, and marital status
D. Information on credit history, balances, employment, income, and mortgages
Weegy: D. Information on credit history, balances, employment, income, and mortgages
Auto answered|Score 1|zch24|Points 438|User: Which term describes the person who pays money for the privilege of using someone else's vehicle or property for a set period of time?
A. lessor
B. renter
C. party of the first part
D. lessee
Weegy: B renter
Auto answered|Score 1|toxictoast96|Points 2270|User: What is your average tax rate if your taxable income is $86,000 and you paid taxes of $18,000?
A. 48 percent
B. 21 percent
C. 17 percent
D. 26 percent
Weegy: A. 21 percent
Auto answered|Score 1|vrtrooper89|Points 264|User: When you purchase insurance, what are you doing?
A. Avoiding the risk of a loss
B. Transferring the risk of a loss.
C. Retaining the risk of a loss.
D. Reducing the risk of a loss.
Weegy: When you purchase insurance you are reducing the risk of a loss.
Auto answered|Score 1|Sanpan|Points 121|User: How does life insurance differ from other types of insurance?
A. Insurers almost never need to pay a claim.
B. Life insurance is not based on risk pooling.
C. The risk of a policy payout is 100 percent.
D. Life insurance policies are very short-term
Business and Money|No Subcategories|Auto answered|2/12/2011 8:46:13 PM
