Derivatives Are Securities and Not Contracts

question 10

True/False

Derivatives are securities and not contracts.

Understand annuities and their role in retirement income planning.

Develop strategies for optimizing retirement living within expected income.

Understand the different types of retirement accounts and their tax implications.

Identify and execute steps in the retirement planning process.

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Definitions:

Phishing

Online fraud in which criminals pretend to be legitimate companies by using e-mails or malicious websites that trick individuals and companies into providing useful information, such as bank account numbers, Social Security numbers, and credit-card numbers.

Identity Theft

The act of stealing another’s identifying information—such as a name, date of birth, or Social Security number—and using that information to access the victim’s financial resources.

Cyber Fraud

Fraud that involves the online theft of credit-card information, banking details, and other information for criminal use.

Unauthorized

Acting or being present without official permission or approval.