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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 4 Milestone 4

Unit 4 Milestone 4

Q 1. Which of the following should be included in an individual's will? 2. Suppose an investment scheme offers you a high return at a low risk. What does an offer like this indicate? 3. Which of the following statements is true of a testamentary trust? 4. Hallie, a 35-year-old influencer, uses her problem solving skill to choose a Roth IRA to save for retirement instead of a traditional IRA. Is this a productive choice of plans for Hallie? Why or why not? 5. At which point in life should an individual use their agility skill and start thinking about purchasing a long-term care insurance policy?

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1. The will should appoint an executor who has the power and directions to dispose of the property. 2. It indicates that the scheme might be deceptive or fraudulent. 3. It is established through a grantor's will. 4. It is not productive because the earnings in the account are not tax-deferred. 5. When an individual celebrates their 50th birthday