In the News

Title

A recipe for future retirement security

Document Type

Article

Publication Date

1-22-2015

Abstract

When the American College of Financial Services released the results of its first-ever “Retirement Income Literacy Survey” last December, I dutifully reported the astounding results: Just 20% of retirement-age Americans can pass a basic quiz on how to make their nest eggs last throughout retirement.Then I took the 38-question quiz. Frankly, I'm not surprised that a majority of the more than 1,000 people between the ages of 60 and 75 who took this test failed.