LACK­ING LIT­ER­ACY

Employee Benefit News - - RE:INVENT RETIREMENT -

Re­tire­ment-age Amer­i­cans are lack­ing re­tire­ment in­come lit­er­acy, ac­cord­ing to new re­search from the Amer­i­can Col­lege of Fi­nan­cial Ser­vices. The vast ma­jor­ity of em­ploy­ees failed a re­tire­ment quiz, which in­cluded ques­tions on pay­ing for long-term care ex­penses, in­vest­ment con­sid­er­a­tions, strate­gies for sus­tain­ing in­come through­out re­tire­ment and life ex­pectancy. Here’s how they scored:

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