How Much Do You Remember?

Happy Monday Everyone!

I hope you had a FABULOUS weekend!  I definitely enjoyed myself doing something I love more than anything in the world: being with my family in Maryland and watching my nephew graduate from High School 🙂

Last week I mentioned we would do a Q & A session, recapping some of the topics discussed so far.  Whoever answers the 10 questions correctly, will receive $15.00 in their pay pal or cash app account for a nice breakfast or lunch.  Hopefully you don’t live in NY where lunch will cost you about $50!

The first person to email the correct answers to me will win!  You have until Wednesday at 4pm.

On your mark, get set, GO:

  1. What are the 2 types of Life Insurance
  2. What is the purpose of an RMD?
  3. At what age do you have to take an RMD?
  4. True or False: The purpose of purchasing a bond is to help business owners raise money for their vacations?
  5. Which type of life insurance earns cash value?
  6. Which type of life insurance expires after a certain period of time?
  7. What does IRA stand for?
  8. What is the maximum contribution per year for a 50-year-old into a Traditional IRA?
  9. Which IRA is pre-tax dollars?
  10. Which IRA can NOT be written off on your taxes?

Have fun and may you remember plenty 🙂

Next week’s topic: The Rule of 72.  How long does it take your money to double?

Please email all responses to: thefinancialcomforter@gmail.com

Once I gather the responses, I will announce the winner on Wednesday, June 6th@5pm.

Until next Monday, have a beautiful and blessed week.

Changing the lives in our community….one family at a time 🙂

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