The results are in from the New York Life Center for Retirement Income Literacy Survey and they’re a little frightening. Only 20% of 1,000 test takers, ages 60-75, received a passing score of 60% or more correct. The average score was only 42% correct. The silver lining? The survey is a wake-up call to pre-retirees to seek advice and study up on income strategies, Social Security claiming, tax planning, and other areas of importance. How will you fare? Take the test here.
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