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    Fidelity study: Are professors over confident and too complacent about retirement savings?

    The faculty lounges of colleges and universities are presumably wall-to-wall with smarty-pants, but even many professors recognize the need to seek help when it comes to planning for retirement.

    That’s one finding of a new study from Fidelity Investments, a Boston-based financial services company whose portfolio includes retirement savings products.

    Fidelity’s report, titled “Higher Education Faculty Study,” was drawn from a survey taken in March; survey respondents included 608 people who work at colleges or university.

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    While 82 percent of faculty members 55 or older are confident they will have enough money to live comfortably in retirement, only 17 percent have taken action to create a retirement income plan, the survey found.

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    “This lack of planning could result in faculty members nearing the common retirement age of 65 being less inclined to retire, as well as unprepared for long-term expenses and turning their assets into regular income,” Fidelity said in a press release. “The promising news: They recognize the need for guidance.”

    In a statement, Rick Mitchell, executive vice president of tax-exempt retirement services, said: “It’s critical that pre-retirees understand how long-term savings can be transitioned into retirement income. Higher education employees value education and the opportunity to learn, so it’s no surprise that they are asking for help.”

    The survey was conducted for Fidelity by Versta Research, a Chicago-based firm.

    Chris Reidy can be reached at reidy@globe.com.