In the News

Title

Illiterate on retirement facts

Document Type

Article

Publication Date

12-3-2014

Abstract

The vast majority of retirement-age respondents failed a basic quiz on core retirement issues like life expectancy, Social Security, long-term care needs and investment risk.

That’s the finding of the American College of Financial Services, which administered its Retirement Income Literacy Survey to more than 1,000 respondents with at least $100,000 in investable assets.