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.
Published January 13, 2015 by Cathy Hamilton