age 65 At age 65, a person can retire on 2 million dollars generating $134,600 a year for the rest of their life starting immediately. At age 70, a person can retire on 2 million dollars generating $147,000 a year for the rest of their life starting immediately. How do you test financial literacy? Financial […]

Nearly Two-thirds of Americans Can’t Pass a Basic 5-question Financial Literacy Test, Can You? Test your financial literacy with this 5-question quiz from FINRA Investor Education Foundation; 63% of Americans got three or fewer answers correct out of five pretty easy questions. What is the passing score for the wise test? What Does the Scores […]

Strike a balance—working toward financial security doesn’t mean you need to deprive yourself. Track Your Spending. … Live Within Your Means. … Don’t Borrow to Finance a Lifestyle. … Set Short-Term Goals. … Become Financially Literate. … Save What You Can for Retirement. … Don’t Leave Money on the Table. … Take Calculated Risks. More […]

According to the US Financial Literacy and Education Commission, there are 5 principles of financial literacy. … Financial Education Brush up on the 5 pillars of financial literacy Earn. Understand your pay and benefits to make the most out of what you earn. … Save and invest. … Protect. … Spend. … Borrow. Apr 6, […]