A recently published study threatens to upend what we know about both 401(k)s and financial education.
The study, which is titled "Financial Knowledge and 401(k) Performance" and was published by the National Bureau of Economic Research, found that people with more knowledge about stocks and investing tend to achieve higher returns in their retirement accounts. By a lot. Of the individuals the study examined, those who knew something about investing were on track to have 25% more in their 401(k) at retirement than those who didn't.
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