Clients Overconfident About Retirement Plan Knowledge
Your clients probably think they know more about how their retirement plan works under the hood than they really do.
That’s a key finding of a quiz of more than 1,000 60- to 75-year-olds on retirement income, administered by the American College of Financial Services. The college, which trains financial planners, wanted to gauge how much Americans know about key retirement concepts - safe withdrawal rates, the relative risk of stocks and bonds, investment fees, longevity and the benefits of delayed Social Security filing.
Miller, Mark, "Clients Overconfident About Retirement Plan Knowledge" (2014). In the News. 1973.