Reported 1 day ago
A recent survey reveals that many Americans lack fundamental understanding of retirement planning, with respondents answering only one-third of key questions correctly. This is concerning as approximately 4 million people will turn 65 in 2025, highlighting the urgent need for better financial literacy regarding Medicare coverage, long-term care costs, and life expectancy in retirement. Experts emphasize that understanding these factors is crucial for effective budgeting and financial security in retirement.
Source: YAHOO