While no one has a definitive answer to the question “How long will you live?”, coming up with an educated, realistic estimate goes a long way toward building a retirement plan that assures income security. Unfortunately, most U.S. adults lack what a new survey calls “longevity literacy,” a deficiency that can be a major retirement planning […] The post How Long Will You Live? Most People Don’t Account for This Retirement Data appeared first on SmartReads by SmartAsset.
Black folks and the risk of poverty in retirement afro.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afro.com Daily Mail and Mail on Sunday newspapers.
Americans are forced into retiring earlier than they imagined, they don’t have an inkling of how much they need to save, nor do they know how many years they might need to finance after they leave the workforce.
Financial literacy expert Annamaria Lusardi, who founded the Global Financial Literacy Excellence Center at George Washington University, moved to Stanford.