Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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RRC Conference Paper: Financial Literacy and Planning -- Implications for Retirement Well-being (PDF)
Center for Retirement Research at Boston College Aug. 25, 2005
19 pages. Excerpt: Why do people do so poorly when it comes to designing and carrying out retirement saving plans? This paper explores the hypothesis that poor planning may be a primary result of financial illiteracy. That is, we evaluate whether those who report that they are unable to plan for retirement or carry out their retirement saving plans are also those most unaware of fundamental economic concepts driving economic wellbeing during the lifetime and in old age.
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