Quiz: What's Your Retirement IQ?
Surveys by Fidelity Investments find that many workers underestimate how much they need to save and overestimate how much they can safely withdraw each year from their nest eggs during retirement. Baby boomers are saving the most (and scored highest on knowledge) but a significant number of investors of all ages still held misconceptions that could lead to financial problems later. Take the Retirement IQ quiz below and see which financial areas you may need to brush up on. “It’s never too late,” says Fidelity’s Melissa Ridolfi.
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