All the Ways Older People Mismanage Their Money — and How to Avoid Them

The American College of Financial Services
February 12, 2021

While financial knowledge has been shown to fall off for those between 18 and 34 years old, an even greater gap could exist for those at or nearing retirement age. Study after study has demonstrated older Americans aren’t where they should be in terms of financial savvy, and this could have detrimental effects on retirement plans.

WMCP® Program Director Michael Finke says one of these shortfalls has to do with guaranteed lifetime income sources. Get his thoughts in this piece from MarketWatch.

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