In the News

Title

Americans Not Ready to Help Themselves: Three Out of Four Older Americans Fail Retirement Income Literacy Quiz

Authors

PR Newswire

Document Type

Article

Publication Date

5-2-2017

Abstract

Three in four retirement-age Americans fail a quiz on how to make their nest eggs last throughout retirement. Even more troublesome, older Americans between the ages of 60 to 75 with at least $100,000 in assets display a worrying lack of knowledge on a variety of vital topics such as paying for long-term care expenses, investment considerations, strategies for sustaining income throughout retirement and life expectancy.