Misinformed and informed asset allocation decisions of self-directed retirement plan members Academic Article uri icon

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abstract

  • Most defined contribution pension plan members misunderstand asset allocation, but those with higher levels of wealth managing their own money are less likely to be confused. Younger, more-educated, higher-earning advice-receiving males with a planner mindset hold more equity. Notably, an understanding of asset allocation accentuates the impact of the key factors age, income and a planner mindset.

publication date

  • August 1, 2008