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If you vowed to save more for retirement in 2020, we’ve got a handful of articles to help you think about how to save more. We’ve also got a challenge for you in the form of this financial literacy test focused on retirement. Test your knowledge and learn something new, or pat yourself on the back for answering these correctly.
a. A measurement of how much of a company charges to manage and operate an investment fund
b. The total dollar value of all the assets in a fund
c. A measurement of how much a fund has grown in value daily, in comparison to how much it has lost
a. 1 week before you want your benefits to kick in
b. 4 months before you want your benefits to kick in
c. 2 years before you want your benefits to kick in
a. The percentage of income an individual should contribute to retirement each year
b. The rate at which an individual should increase their retirement contributions each year
c. A general guideline that refers to the percentage an individual should withdrawal from their retirement savings each year during retirement
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