Page 1 of 2 12 LastLast
Results 1 to 12 of 16

Thread: Test your retirement income knowledge

  1. #1

    Default Test your retirement income knowledge

    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%


  2.  
  3. #2

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,396

    Default Re: Test your retirement income knowledge

    Quote Originally Posted by Cactus View Post
    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.
    I only got 74% right, but now I know where I was wrong, thanks!



  4.  
  5. #3

    Join Date
    Feb 2011
    Location
    Washington
    Posts
    9,583

    Default Re: Test your retirement income knowledge

    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

  6.  
  7. #4

    Default Re: Test your retirement income knowledge

    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!!

  8.  
  9. #5

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
    13

    Default Re: Test your retirement income knowledge

    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! !

  10.  
  11. #6

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: Test your retirement income knowledge

    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

  12.  
  13. #7

    Join Date
    Feb 2011
    Location
    Southeastern VA
    Posts
    236

    Default Re: Test your retirement income knowledge

    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!!!

  14.  
  15. #8

    Join Date
    Oct 2010
    Location
    Aiea, Hawaii
    Posts
    1,122

    Default Re: Test your retirement income knowledge

    Quote Originally Posted by nnuut View Post
    I only got 74% right, but now I know where I was wrong, thanks!
    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!!

  16.  
  17. #9

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: Test your retirement income knowledge

    Quote Originally Posted by uscfanhawaii View Post
    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!
    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


  18.  
  19. #10

    Join Date
    Mar 2006
    Location
    Raleigh, NC
    Posts
    3,416

    Default Re: Test your retirement income knowledge

    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'!!!

  20.  
  21. #11

    Default Re: Test your retirement income knowledge

    Wow, I have a lot to learn... But by the time I'm close to retire it's all going to change.

  22.  
  23. #12

    Default Re: Test your retirement income knowledge

    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!
    http://share.robinhood.com/mariloc1

  24.  
Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
Test your retirement income knowledge
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Test your retirement income knowledge
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Test your retirement income knowledge
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Test your retirement income knowledge
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes