Are You Actually Ready for Retirement?

Ready for Retirement Quiz

Most people taking this quiz are confident in their answers. Most people who attend the class are surprised by how much they did not know. Answer quickly. Do not research. That defeats the purpose.

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A break-even calculator is an effective way to determine when to claim Social Security.
- True
- False

If long-term market returns average 10%, withdrawing 6% per year should be sustainable over a full retirement.
- True
- False

Which mistake most often causes irreversible damage to a retirement plan?
- Poor long-term market returns
- Inadequate diversification
- Treating asset allocation and income withdrawals as separate decisions
- Paying too much attention to taxes

Dying with most of your assets intact generally indicates a successful retirement plan.
- True
- False

Financial literacy reduces retirement planning mistakes, but does not eliminate the most common causes of retirement failure.
- True
- False

Two retirees each start retirement with $3.5 million. One runs out of money. Why?
- Poor investment selection
- Bad luck
- Withdrawal timing and sequence of returns
- Higher advisor fees

SEE HOW YOU FARED
So, how financially literate are you? Fill out this form to find answers to the quiz and see if you need to brush up on your financial knowledge to make the most of your retirement journey.
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Phone: 800-363-9813
learn@refedu.org

29409 Haggerty Road, Suite 200
Novi, MI 48377

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Retirement Education Foundation is a Fiscally Sponsored Program of United Charitable, a registered 501(c)(3) public charity.

This information is for educational purposes only and is not to be considered tax, legal or investment advice.

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Are You Actually Ready for Retirement?

Ready for Retirement Quiz

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SEE HOW YOU FARED

Contact Us

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