The faculty at higher education institutions are, many times, the smartest people in the room, with most holding doctorate degrees in their field. But when it comes to knowledge about planning for retirement, they earn a failing grade.

That’s according to the “Higher Education Faculty Study” by Fidelity Investments, which states that while 82 percent of pre-retiree faculty members (age 55 and over) are confident they will have enough money to live comfortably in retirement, only 17 percent have actually taken action to create that type of retirement for themselves.

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