back to top

Here's A Game That Teaches Retirement Planning

Finance experts have gamified retirement planning through an online game that educates people about financial security in their golden years.

Posted on

Once upon a time, we typed numbers into our trusty calculator to add and multiply the nest egg needed for our golden years.

Americans expect to retire at age 66, according to Gallup. But according to a new study by Indexed Annuity Leadership Council (IALC), 22 percent of Americans are not familiar with the most routinely-used retirement products that allow them to diversify their portfolio.

Since digital apps are a key method to engage audiences, it makes sense for financial planners to make digital a way to reach people about money.

In 2016, more than 80 percent of the U.S. App Store revenue was generated from games, according to app research firm Sensor Tower. So key activities should be gamified, right?

Enter the "Master of Retirement" game where you can play and find out the right way to create a nest egg.

One in five Americans falsely believe that a 401(k) allows one to receive guaranteed payments throughout their retirement. That's a myth. There are fixed indexed annuities for that.

Nearly 10,000 baby boomers retire each day, but one in four have less than $5,000 saved for retirement.

Life expectancy in the U.S. is 78.74 years, according to World Bank (2015). Only nine percent of Americans prioritize financial diversity, according to IALC.

This post was created by a member of BuzzFeed Community, where anyone can post awesome lists and creations. Learn more or post your buzz!