STS 150 Fin TRUETALSE Write A if the statement is true and B if the statement is false. 1) Financial goads must be rexamined periodically and adjusted to accommodate changes in yr life 2) The earlier you start saving for your retirement, the easter it will be to each your Snancial goals 2) 3) A 4010) plan is a tax-deferred retinement plan in which both the employee's contributions to3 the plan and the earnings on those contributions are tax deductible, with all the taxes beling deferned until retirement withdrawals ase made. 4) College graduates should be prepared to make many financial decisions during thelr first decade after graduation 5) A budget is essential for a recent college graduate with no dependents. 6) If you have good finandial goals then you seally dom't need a financial plan 7) By law, everyone mmast contribube the maximum amount into their 4010) plans at work 8) Stretching a car loan from 48 moeths to 60months means the car will emd up resulting in a 5) 7) 8) smaler monthly payment 9) Stretching a car loan froas 48 months to 60 months means the car will end up costing you moee 9) when you have paid in full MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 10) When you contribute to a retirement account it is usually with dollars. 10) C) pre-tax A) after-tax B) optional 11) Which of the following is a true statement about stadent loars? A) Interest is tax-free to those in all income levels B) Interest payments are often deferred until the students graduate and enter the workdoece C) All student loans are provided to parents of students D) All student loans are provided directly to the student. 12) 12) With which of the following retirement plans will your withdrawals not be subject to taxes if you are over 59-1/2 and have had the account for at least five years? B) Keogh plan D) Rollover IRA A) Roth IRA C) Traditional IRA