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An Introduction to Money Management/Retirement Workshop Evaluation |
Instructions: Before the workshop begins, please take a moment to answer the questions below in the first column, by circling your answer. At the end of the workshop answer the same questions again in the second column.
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Answer before workshop begins |
Answer after workshop begins |
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True (T) |
False (F) |
Don’t Know (DK |
True (T) |
False (F) |
Don’t Know (DK) |
|
|
1) When setting your financial goals your first priority should be contributing enough to a 401(k) plan, if you are eligible, to get the maximum employer match |
T | F | DK | T | F | DK |
|
2) If you wanted to save money in an emergency fund that you might need in the next year, putting your money in a CD is a good idea |
T | F | DK | T | F | DK |
| 3) The first step in managing your money is to get your spending under control rather than increasing your income | T | F | DK | T | F | DK |
|
4) If you are saving money that you will need in the next 1-5 years, you should look for an investment that will give you the highest rate of return |
T | F | DK | T | F | DK |
|
5) Most experts believe that you will need to have about 70-80% of your current income in retirement to maintain your current standard of living |
T | F | DK | T | F | DK |
|
6) All providers are eligible to set up a SIMPLE IRA |
T | F | DK | T | F | DK |
|
7) Contributions to a ROTH IRA are tax deductible |
T | F | DK | T | F | DK |
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8) In the long run saving money in an IRA will earn you more money than saving money outside an IRA |
T | F | DK | T | F | DK |
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9) The amount you pay in management fees on your investment has a major impact on how much you will earn on your investment |
T | F | DK | T | F | DK |
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10) Because of the uncertainty of the stock market it’s never a good idea to have more than 10% of your retirement investments in stocks |
T | F | DK | T | F | DK |
This handout was produced by Think Small (www.thinksmall.org).
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