CRA — Chartered Retirement Advisor Savings Practice Questions
The free CRA — Chartered Retirement Advisor questions that deal with savings, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #2
John is 55 and has a 401(k) with his current employer. He plans to switch jobs soon. What should he do with his retirement savings?
Correct answer: B
Explanation
Rolling over to an IRA can provide more investment options and control over retirement savings.
Question #8
Julia is worried about outliving her retirement savings. What strategy can she use to mitigate this risk?
Correct answer: C
Explanation
Annuities can provide guaranteed income for life, helping to mitigate the risk of outliving savings.
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