Retirement isn’t a one-size-fits-all. Your retirement lifestyle goals shape how you invest today – whether that’s seeing the world, staying cozy at home, learning new things, supporting family, or doing meaningful work.
Take this quiz to discover your retirement lifestyle and get tailored insights for how that influences your current investing habits.
Retirement Lifestyle Quiz
What’s your retirement lifestyle? Take the quiz and find out.
Your passport is your favorite accessory. Retirement for you means exploring new cultures, tasting exotic foods, and collecting memories from every corner of the world. You’re planning for flexibility and freedom – because who knows when the next adventure will call?
How this influences the way you invest now:
You’re likely focused on growth and liquidity. You want your money working hard so you can fund those bucket-list trips, and you prefer investments that give you easy access to cash when wanderlust strikes.
You love the comfort of your own space. Retirement for you means cozy mornings, familiar routines, and maybe a few home upgrades to make your nest even better. Stability is your happy place.
How this influences the way you invest now:
You lean toward conservative investments that provide steady income and peace of mind. Predictability matters more than chasing big returns, and you probably keep a healthy emergency fund for life’s little surprises.
Your curiosity never retires. You see retirement as a chance to dive into new subjects, take classes, and explore hobbies you never had time for before. Growth isn’t just financial – it’s personal.
How this influences the way you invest now:
You balance growth and stability so you can fund courses, hobbies, and maybe even educational travel. Flexibility is key – you want investments that allow you to tap into funds when inspiration strikes.
Family is everything to you. Retirement means more time with loved ones, spoiling the grandkids, and maybe even creating a home where multiple generations can gather. Your legacy matters.
How this influences the way you invest now:
You’re thinking long-term – estate planning, tax-efficient strategies, and maybe education savings for the next generation. You want security but enough growth to support family goals and future gifting.
You’re not ready to hang up your hat. Retirement for you isn’t about stopping – it’s about doing work you love on your own terms. Whether it’s consulting, volunteering, or starting a passion project, staying active keeps you energized.
How this influences the way you invest now:
You’re less worried about drawing down your portfolio right away, so you can afford to take on more growth-oriented investments. You might delay pension benefits and keep investing aggressively because your continued income stream gives you flexibility.
Explore Common Investment Strategies that could help you plan for flexible work income and growth-focused investing.
You’ve got more than one retirement vibe. That’s a strength – it means your plan should be flexible with the seasons of life.
How this influences the way you invest now:
You might want to build a core fund for retirement essentials. You add goal-based buckets for your top two priorities in retirement (e.g. travelling, upgrading your home, picking up a new hobby, prioritizing family, or continue working). You set withdrawal rules (amounts/timing) so you can keep spending controlled and intentional.
Explore Common Investment Strategies that could help you create a personalized investment portfolio for your unique blend of retirement lifestyle.
This quiz is designed to introduce you to the basics of crypto assets. It is not intended to provide investment or financial advice, and should not be relied upon as a substitute for such advice.
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QUESTION 1/10
Cryptocurrencies and blockchain are the same thing.
Correct Answer: False Blockchain is a type of digital ledger. A digital ledger records transaction information and then duplicates and distributes the information across the entire network of computer systems on that ledger. A cryptocurrency, on the other hand, is a digital asset that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
Regulators and law enforcement can’t trace cryptocurrency transactions.
Correct Answer: False Cryptocurrency transactions can be traced. Though cryptocurrencies can be created, moved, and stored outside the purview of governments, regulators, and financial institutions, each transaction is recorded in a permanent fixed digital ledger. The ledger allows anyone who is plugged in to view the transaction history.
Cryptocurrencies are low-risk investments if you buy and hold.
Correct Answer: False Many factors may make cryptocurrencies and crypto assets risky investments (e.g., cyberattacks and hacking, their speculative nature, liquidity, security, and volatility). Additionally, many crypto assets and online crypto trading platforms aren’t regulated in Canada. Securities regulators are working with operators of platforms to ensure they comply with applicable securities laws.
I can trade crypto assets through a registered dealer in Canada.
Correct Answer: True You can trade crypto assets in Canada using registered cryptocurrency platforms. Cryptocurrency trading is legal in Canada, and you should note that profits are taxable as capital gains, or as income if you are classified as a day trader. You can check a platform’s registration by visiting the Canadian Securities Administrators’ website or by contacting a Canadian securities regulator to inquire.
Non-fungible Tokens (NFTs) are a crypto asset that people can collect and trade.
Correct Answer: True An NFT is a digital asset that often represents real-world objects like art, music, and videos. NFTs are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptocurrencies. “Non-fungible” means that it’s unique and can’t be replaced with something else.
There is no difference between cryptocurrencies and crypto assets, these terms are interchangeable.
Correct Answer: False The term “crypto assets” is generally used to reference a broad range of digital assets with a variety of properties and/or uses. The term “cryptocurrencies" refers to a specific type of crypto asset, which is generally designed to be used as a medium of exchange, similar to the way we use fiat currencies (a.k.a. government-issued money) to purchase goods and services.
Not all crypto assets are securities.
Correct Answer: True Not all crypto assets are securities or are subject to securities laws. That said, the regulatory treatment of a particular crypto asset will depend on whether it is a security or derivative. Despite the fact that a crypto asset may not be classified as a security or derivative, the way they are bought, sold and/or traded can be subject to securities laws.
Bitcoin will retain its value and rise in price over time because there’s a limited supply.
Correct Answer: False You could lose some or all of the money you used to purchase any crypto asset or cryptocurrency, including Bitcoin. Like many investments or financial assets, there is no guarantee that crypto assets or cryptocurrencies will retain their value or rise in price.
Cryptocurrencies can be used for payments.
Correct Answer: True Some cryptocurrencies can be used for payments; however, it can be difficult, expensive, and/or slow. Their price volatility may also be a factor in an individual or business accepting cryptocurrency as a form of payment.
Crypto asset scams are among the most popular types of online investment scams.
Correct Answer: True As the popularity and price of cryptocurrencies rise, so do the scams associated with these digital assets. The volatile, online, and often unregulated nature of crypto assets makes it easy for people to fall victim to fraud in a number of ways. For example, fraudsters use the anonymity of the internet to attempt to avoid detection by regulators or law enforcement.
Nice work. You have a good understanding of crypto assets! Crypto assets are a constantly evolving type of investment, so there is always more to know. Visit InvestRight.org to learn more about crypto assets, investment fraud, and other important investor education information with these resources:
Good job. You understand the basics of crypto assets! Because crypto assets are an ever-changing type of investment, there is always more to know. Check out InvestRight’s crypto asset resources to learn more about these digital investments:
Taking this quiz is a good start in assessing your knowledge. There is much to learn about crypto assets. This quiz is only an introduction to the basics. To find out more about crypto assets, check out some of the following resources:
