How Financially Fit Are You? Take the 12-Point Smart Money Quiz!

Are you confident in your personal finance skills? Whether you're building your financial foundation or refining a long-term plan, this 12-question quiz will test your knowledge in areas like taxes, credit, investing, retirement planning, and more.

Take a few minutes to test your understanding—and learn something new along the way.

12-Question Smart Money Quiz

1. Retirement Planning At what age can you generally start withdrawing from a traditional IRA without a tax penalty?

2. Insurance What type of insurance protects your income if you're unable to work?

3. Credit Scores What action is best for improving your credit score?

4. Taxes Which account is tax-advantaged for retirement?

5. Spending Habits What is the "50/30/20" rule?

6. Retirement Accounts Which is true of a Roth IRA?

7. Investing What’s the main benefit of diversification?

8. Investing Options What is an index fund?

9. Retirement Savings When can you start catch-up contributions?

10. Investment Strategies What is dollar-cost averaging?

11. Debt Management Which debt is considered "good debt"?

12. Social Security When can those born in 1960 or later claim full benefits?

Take the quiz and check your answers below!

How did you do? Whether you nailed every answer or found areas to brush up on, financial literacy is a journey. At Verity CPAs, we’re here to support your growth with tax-smart strategies and long-term planning.

📞 Ready to strengthen your financial foundation? Contact us at info@verity.cpa or 808.546.5026.

✅ Answer Key

1. B) Age 59½

2. C) Disability insurance

3. B) Paying off your credit card balance in full each month

4. C) Roth IRA

5. A) Spend 50% on needs, 30% on wants, and save 20%

6. B) Qualified withdrawals are tax-free after age 59½

7. C) Reducing risk

8. B) A fund that tracks a specific market index

9. A) Age 50

10. B) Regularly investing a fixed amount over time

11. C) Mortgage

12. D) Age 67