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Financial Illiteracy and Retirement Planning (PDF)
Benefits & Compensation Solutions
Oct. 18, 2005
2 pages. Excerpt: Evidence continues to mount that most Americansacross all age groups are in dire need of financial educationand planning assistance. A recent investor surveysponsored by Eaton Vance shows that many lack even anelementary understanding of sound investment practices.The average investor in this survey expressed both thedesire and expectation to retire at about age 61.
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