Sponsored by American College Of Financial Services.
The new RICP® Retirement Income Literacy Survey from The American College New York Life Center for Retirement Income quizzed more than 1,200 Americans aged 60-75 with over $100,000 in assets other than their home. The results, even among this relatively well-off, retirement-aged cohort, are troubling.
The survey focused on several retirement income literacy areas, including inflation, Medicare, investments, long term care, life insurance, annuities, Social Security, pensions, and housing. The results of the survey cast a bright light on gaps in retirement income knowledge.