Retirement news: The week in review
A large majority (80%) of retirement-age Americans received failing grades after taking a basic quiz on how to make their nest eggs last throughout retirement, according to the American College of Financial Services. A recent survey from the organization revealed the well-known 4% rule is a complete mystery to seven in 10 Americans, and a majority of people age 60 to 75 with at least $100,000 in assets lack important knowledge in areas such as life expectancy, Social Security, long-term care needs, investment risk and more.
Powell, Robert, "Retirement news: The week in review" (2014). In the News. 1974.