Create a quiz for people to test their financial preparedness for retirement, protecting their estate, and money management skills

What is the maximum amount of money you can contribute to a Roth IRA each financial year?

$25,000

$50,000

$12,500

$6,500

What type of insurance policy covers your family in the event of death or disability?

Life Insurance

Health Insurance

Home and Contents Insurance

Car Insurance

What is the current rate of capital gains tax on investments held for more than 12 months?

15%

20%

25%

30%

What is the best way to protect your estate from creditors and taxes?

Setting up a trust

Investing in stocks

Purchasing life insurance

Putting money into a savings account

What is the recommended percentage of income that should be saved for retirement?

10-15%

15-20%

20-25%

25-30%

What is the most important factor when selecting an investment strategy?

Risk tolerance

Investment goals

Time horizon

Tax implications

What is the best way to reduce debt?

Pay off high interest debts first

Make minimum payments

Consolidate debt

Refinance loans

What is the difference between a will and a living trust?

A will outlines how assets are distributed upon death while a living trust allows for asset management during life

A will outlines how assets are managed during life while a living trust allows for asset distribution upon death

A will outlines how assets are managed during life while a living trust allows for asset management during life

A will outlines how assets are distributed upon death while a living trust allows for asset distribution upon death

What is the best way to ensure your finances are secure in retirement?

Have multiple sources of income

Invest in low risk investments

Live below your means

Save as much as possible

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