In the News

Title

Are you retirement planning-literate?

Featured Degree or Designation

RICP®

Document Type

Article

Publication Date

1-22-2015

Abstract

Just one in five retirement-age Americans can pass a basic quiz on how to make their nest eggs last through their retirement, according to a recent survey conducted by The American College of Financial Services (theamericancollege.edu). The survey found that many older adults have a flimsy understanding of retirement planning concepts like the “4%” rule, the relationship between interest rates and bond values, average life expectancy, and what should be included in a comprehensive retirement plan.