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80% of Survey Respondents Don't Know About Retirement Income Planning

A recent survey by the American College of Financial Services in Bryn Mawr, Pa., noted that 2 in 10 people with incomes over $100k did not know how to plan for retirement. Another report says that "Americans fail to understand critical financial concepts, including interest compounding, inflation, and risk diversification, and these shortcomings are most acute for women, the less educated, and older individuals."

How can we learn more about retirement planning? If your workplace offers retirement accounts most likely the firms charged with managing those accounts have financial literacy information available to you. You can also learn from the FINRA Investor Education Foundation, HMCPL's Morningstar Investment Research Center, as well as our Mind Your Money resource pages.

You can also attend one of our FREE financial literacy classes for the public. Stay tuned for more details on our upcoming 2015 classes!