Financial Literacy: Understanding Your Retirement

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Financial Literacy: Understanding Your Retirement

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In this week's episode of "Being Financially Peaceful" hosted by Rocco Kryns, the focus is on boosting financial literacy and forming effective retirement plans. The show begins by addressing a financial literacy quiz from the American College of Financial Services, where participants aged 50-75 generally scored low, revealing gaps between genders and savings levels. Rocco stresses the importance of a structured retirement plan, comparing it to a well-planned vacation, while pointing out that many people lack concrete plans for their financial future, specifically regarding Social Security benefits. He emphasizes the critical need for understanding the purpose behind savings, and encourages listeners to take actionable steps towards better financial education and preparedness. Additionally, Rocco urges listeners to consider their retirement strategies seriously, especially given market volatility.

To learn more about Rocco Kryns and the team, visit https://needwisdom.com/

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