Many Seniors Fail This Retirement Income Quiz — Would You?

Senior women are planning their retirement better - Alainnah Robertson

Basic finance is a tough topic that many people fail to learn.  I had a recent conversation with an entrepreneur who sold his trucking company last year for over $20 million.  Despite having spent decades negotiating contracts and also selling his company to a publically traded company, he did not know how to manage his new found wealth.  When he was running his trucking business, it was all about re-investing his money to his business, which was a ravenous fire for cash.

Every day, I meet with entrepreneurs who were terrific at inventory and counting their costs and cash flow needs for the business, but do not have apply this thinking to retirement.

Another former business owner, Alainnah Robertson, says that she ran a business yet did not have the first idea about retirement and managing wealth.  Since she has learnt the concept of not touching her capital, and living off the interest and dividends, her views of retirement have changed to the positive.

Here is a fun quiz to check up on your financial literacy and how to retire at the top of the class!

Link - click here


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