I got this quiz from my financial advisor’s monthly newsletter (called the Money Maladies Test from Northwestern Mutual) and I didn’t do as well as I thought I would! I got only 11 out of 14 correct, which was only a C. Yikes… here’s what I missed, in the case that you’d be in the dark on those too:
Q - What do index funds do?
A – Match the investment returns of a specified stock or bond benchmark.
Q - When interest rates decline, the price of a bond or bond fund generally…
A – Increases
Q – Which of the following statements is true of an immediate annuity?
A – Your income from the account is guaranteed for as long as you live.
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