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Ignorance Is Not Bliss: The Importance Of Financial Education

In this article, the authors assess the impact of participation in financial education seminars offered by TIAA-CREF on retirement goals and retirement saving behaviors. Specifically, the authors examine whether participants in these seminars revised their expected retirement age and/or their desired level of retirement income after attending a seminar. Through the use of an additional survey that participants completed several months after attending the seminar, the authors also determined whether individuals actually made changes in their retirement saving behaviors.

Research Dialogue
 
Perceptions of Early Career Faculty: Managing the Transition from Graduate School to the Professorial Career
Jerry Berberet
Vice President for Academic Affairs, Carroll College
Founding Executive Director, Associated New American Colleges
TIAA-CREF Institute Fellow
June 2008 | Issue #92
 
Do Public Subsidies for Higher Education Affect Regional Economic Development?
Shawn Kantor    
University of California, Merced 
NBER
TIAA-CREF Institute Fellow
Alex Whalley
University of California, Merced
May 2008 | Issue #91
 
Pension Plan Characteristics and Framing  Effects in Employee Savings Behavior
David Card
Department of Economics
University of California, Berkeley
and National Bureau of Economic Research
Michael R Ransom
Department of Economics
Brigham Young University
May 2008 | Issue #90
 
The 5% Guaranteed Minimum Withdrawal Benefit: Paying Something for Nothing?
Benny Goodman
TIAA-CREF
Seth Tanenbaum
TIAA-CREF
April 2008 | Issue #89
 
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