Most women flunk retirement income literacy quiz

Most women flunk retirement income literacy quiz

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Many female clients want advisers to educate them about investing and longevity risks

It is unfortunate that the people who are likely to live the longest understand the least about how to make their money last a lifetime.

Only 18% of retirement age women can pass a basic quiz about how to make a nest egg last in retirement, according to findings from The American College of Financial Services’ 2017 RICP Retirement Income Literacy Gender Differences Report. That’s about half the rate of men of the same age. RICP stands for Retirement Income Certified Professional, a designation offered through The American College.

Read more at Investment News

Listen to our interview with the author, Mary Beth Franklin

 

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