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Level Two: Investing Concepts
Level Two: Investing Concepts
Level Two: General Financial Planning
Difficulty Level: Moderate
True or False
_____ Interest or dividend income can be a common objective of a mutual fund.
_____ A short-term bond fund invests in bonds that mature in 6 to 12 years.
_____ Living wills and durable powers of attorney for health care are two examples of advanced medical directives.
_____ Wealth management normally does not include estate planning.
_____ Whole life insurance never includes a savings element minimum or rate of return.
Answers
True. Other mutual funds focus on capital growth/appreciation and capital preservation.
False. Short-term bond funds primarily focus on bonds with maturities of less than five years.
True.
False. This may be handled by a separate estate planning attorney but can also be addressed by the advisory team managing your other wealth-related affairs.
False. Term life insurance is not likely to include a savings element.