Advanced Strategies for Using Housing Wealth to Improve Financial Outcomes in Retirement: Check your understanding.
Now that you have viewed the course, you must complete this online quiz in test your knowledge. When you have completed the last question, click the “Finish Your Understanding and Feedback” button to submit your final answers. You may not return to review or change your answers after submitting or if you close the browser window. You may restart the quiz if needed.
Your quiz score will be displayed on your screen upon submitting your answers. A score of 70% (4 questions out 5 correct) is required to pass the quiz.
Your Understanding and Feedback Summary
0 of 5 Questions completed
You have already completed the your understanding and feedback before. Hence you can not start it again.
Your Understanding and Feedback is loading…
You must sign in or sign up to start the your understanding and feedback.
You must first complete the following:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
1. Question1 point(s)
A major cause of portfolio exhaustion when securities portfolios are used for retirement income is when withdrawals are taken during down markets. The following are true about preventing portfolio exhaustion in securities portfolios, except:
2. Question1 point(s)
Another option for retirees is to replace their conventional mortgage with a home equity conversion mortgage (HECM) to refinance existing debt into a non-recourse loan with deferred repayment. This option accomplishes the following, except:
3. Question1 point(s)
Some clients might want to downsize their home to reduce retirement expenses. The following are ways a reverse mortgage can be used to help retirees downsize, except:
4. Question1 point(s)
Reasons to use a reverse mortgage and a HECM for purchase with a silver divorce include the following, except:
5. Question1 point(s)
The following summarize the advanced strategies for using housing wealth to improve financial outcomes in retirement, except: