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Most Seniors Flunked a New Retirement Quiz. Could You Do Better?

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Anyone wondering whether people in or nearing retirement are up to speed on creating a viable retirement income plan got an answer last week when the American College of Financial Services released the results of its Retirement Income Literacy Quiz. It was sobering: Nearly 75% of the 1,244 adults ages 60 to 75 who were interviewed online for the test got a big fat F (a score of 60% or less), while fewer than 6% received an A (91% or better) or a B (81% to 90%).