How much do you know about retirement income. The American College of Financial Services released the results of its first-ever “Retirement Income Literacy Survey" last December and just 20% of retirement-age Americans can pass a basic quiz on how to make their nest eggs last throughout retirement. Now you can take this 38 question quiz right here.
Click "take the quiz" at the top of the page. I was impressed when I managed to get a 92% on the test by only missing 3 questions. To be honest I got lucky on a lot of guesses, but I was also surprised by missing some I thought I new.
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
Zero right... that explains a lot...
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Well, I didn't pass. I scored 58%. Boy have I got a lot to learn!! At least I printed out my results and the correct answers so that I can see where I busted!
BTW, Thanks for this!!
79%.
And I did learn a lot in the process. That is a darn good page- I'm going to pass that one around! Thanks! !
89%, but I have a wife on SSDI and I just filled out a ton of spreadsheets with the effort of making sure I can afford retirement with my employment change. The answer is yes, I can, and even better!
Nice link (quiz), makes everyone think!
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
At least I didn't wear my rose-colored glasses, not at all surprise that I got 53%. I KNOW I have a lot to learn, and so little time to learn it in!!!
They say 60% is a passing score...that seems low to me. Then again, only 20% of the respondents get > 60%!
I only got 66%, but most of the ones I missed were on Medicare and Medicaid. Even after reviewing the answers, I still don't understand the difference between the 2. Guess I gotta do some research on that area before I turn 65!
There are 10 types of people in the world. Those who know binary, and those that don't!!
Retired on December 31, 2018!!
Medicare vs. Medicaid | Medicare Made Clear
Pretty easy to see the differences. But since you had a problem with it, figured I'd help you out!
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Got 82%...
Highly recommend for those that are dumb enough to read my comments that you do not trust much of what I say about Medicare or Long Term Healthcare insurance...
Lookin' up at the 'G Fund'!!!
Wow, I have a lot to learn... But by the time I'm close to retire it's all going to change.
You failed to receive a score of 60% to receive a passing grade for this quiz.
Total score: 22 out of 38, 58%
Need to improve knowledge on Life Expectancy, Annuity, Medical Insurance, and Long Term Care
01. Income Planning 2/4
05. Life Expectancy 1/3
08. Early Death of Spouse1/2
10. Annuity Product Knowledge 1/3
13. Taxes 3/4
17. Inflation 2/2
19. Housing 2/2
21. Medical Insurance Planning 1/3
24. Long-term Care 1/5
29. Basic Financial and Investment Questions 8/10
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
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