The vast majority of retirement-age respondents failed a basic quiz on core retirement issues like life expectancy, Social Security, long-term care needs and investment risk.
That's the finding of the American College of Financial Services, which administered its Retirement Income Literacy Survey to more than 1,000 respondents with at least $100,000 in investable assets.
Eighty percent failed, and 94 percent received a "D" or worse, while less than 1 percent scored an "A."
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