1. Instead of applying for Old Age Security (OAS) pension at age 65, Ralph is looking to defer it…

1. Instead of applying for Old Age Security (OAS) pension at age 65, Ralph is looking to defer it to age 70 as he could increase his monthly payments by 36%. His friend, George has decided to apply for his Old Age Security (OAS) pension at age 67 which would increase his monthly payments by 14.4%. Is the statement true or false?

2.

Neha is looking to establish SMART goals as this would allow him to be in a better position to prioritize his financial decisions. Having a goal-setting focus helps in getting goals accomplished. The acronym SMART goals stand for:

1. Specific, Maintained, Asset-allocation, Retirement-oriented, Time-stamped
2. Smart, Measurable, Actionable, Realistic, Timely
3. Simple, Measurable, Action-oriented, Realistic, Timely
4. Shared-risk, Motivate, Authentic, Relatable, Time-specific
5. Specific, Measurable, Action-oriented, Realistic, Time-bound