Retirement Literacy Quiz: Are You Really Prepared?
Retirement literacy is lower in this country than most people think.
Each day, about 10,000 people hit the magical retirement age of 65. But most people have no idea how much money to set aside for the future.
In a recent retirement literacy survey conducted by the American College of Financial Services, only 5 percent of respondents got a grade higher than a “C.”
A lack of savings is one of the biggest sources of financial stress, and there are few things more stressful than worrying about running out of money too early in your golden years. To know how much money you’ll need for a financially stable retirement, it’s good to understand some basic (and often uncomfortable) facts – like how long you can expect to live.
Think you know how to build a nest egg that will last? Test your retirement literacy with this six-question quiz.
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