1/20/2014 – Study: Overconfidence or Underconfidence Breeds Danger for Retirement Planning (Financial Advisor)

A new study by the National Association of Retirement Plan Participants (Narpp) said there are dangers for workers being overconfident or underconfident about their financial knowledge.

After surveying 5,000 defined-contribution-plan participants on their perceived financial literacy and testing them to find their actual comprehension last fall, Narpp found 20 percent were overconfident and 23 percent were underconfident.

Read the full article at Financial Advisor.