Finance Final – Easy Geo Training

George, a debt counselor, tells you that he offers Veterans and other local heroes a discounted rate. What should you say to George?

We can create a customized advertisement that proudly declares you offer local heroes a discount.

Veterans generally do not get into debt, so you are wasting your time offering them discounts.

It sounds like you've got everything taken care of. Good luck and thank you for your time.

As a sales agent you are talking to a retirement planner whose mother was a teacher. Which statement below is a good one liner?

Teachers have great pension plans allowing the to live comfortably for the rest of their lives after retirement.

The pensions for newer teachers have increased over the past decade by 25%, so current teachers have better retirement plans.

Many teachers today do not have sufficient retirement income and they need a trustworthy advisor to support them.

What is the title of the court that officially decides how a person's belongings are to be distributed after their death?

Public court

Civilian court

Probate court

Criminal court

Loaning someone money to start or build a business can be considered an alternative investment, and it would be a good idea to contact a financial advisor before doing so.

True

False

Which statement about a financial advisor/retirement planner is untrue?

They are generally well-educated

They will help clients plan for the future

They do not work with government eployees

They understand the importance of saving

They offer financial advice

As an agent dealing with financial planners, it is a good idea to have some basic knowledge about different financial products so that the advisers think you know a little about what you are talking about.

True

False

When talking to an estate planner, it is good to concentrate on the emotional side of helping people prepare for the future, but also explain how GeoFencing is an economic way to promote their services.

True

False

In most cases, a true retirement planner has a license with the state and complies with all regulations of the SEC.

True

False

What is the primary difference between a 529 Plan and a 401(k)?

A 401(k) is strictly for educational purposes and the 529 is not.

A 401(k) is only for children and matures when the child is 18 years old.

A 529 Plan is designated for educational purposes, whereas a 401(k) is a general investment account.

Every employer offers a 401(k) and no employers offer the 529 Plan

Defaulted student loans drop off a credit report after two years.