| 1. |
How many Americans are expected to live past the age of 65?
|
a. Almost 80%
b.
Almost 65%
c. Almost 50%
d. Almost 40% |
| 2. |
What percentage of nursing home residents are currently women? |
a.
55%
b.
72%
c. 86%
d. 93% |
| 3. |
What is the current national average annual cost for
nursing home care? |
a. $20,000
b. $35,000
c.
$45,000
d. $55,000 |
| 4. |
What is the chance that you could need
long-term care (either home care or nursing home care) at some point
in your lifetime? |
a. 50%
b. 30%
c. 25%
d. 15% |
| 5. |
On average, what
percentage of the 100 days of Medicare skilled care do long-term care
patients actually collect on? |
a. 100 days
b. 75 days
c. 50 days
d. 25
days |
| 6. |
Currently, there are 3.4 workers for each
Social
Security beneficiary. By the year 2035 what is the projected ratio? |
a. .9 to 1
b. 1.9 to 1
c. 2.9
to 1
d. 4.4 to 1 |
| 7. |
The first wave of America's 76 million boomers
turned 50 in 1995. From 1995 on, how many baby boomers are expected to
turn 50 years old each day for the next 10 years? |
a. 10,000
b. 7,000
c. 5,000
d. 20,000 |
| 8. |
What percentage of "boomers"
(born between 1946-1964) anticipate they will work part or full time during
retirement? |
a. 20%
b. 50%
c. 65%
d. 80% |
| 9. |
A 60 year old man retires today and has saved
with the expectation that he will live for 25 years on $30,000 a year (in
today's dollars). If the retiree lives for five years longer than anticipated,
how much will he be short at the end of the 25 year period? (Projections assume
an annual inflation rate of 4% and annual rate on investment of 8%) |
a. $553,000
b. $358,000
c. $162,000
d. $ 51,000 |
| 10. |
How long will it take to double your
investment if it earns 8% annually? |
a. 6 years
b. 9 years
c. 7 years
d. 10 years |
