They may be seeking more help for their investments than fortheir health, but that doesn’t mean that people are preparingadequately for retirement.
Those are some of the findings of a new survey of 1,000 401(k)plan participants, commissioned by Schwab Retirement Plan Services.Survey results indicate that, although they know they need to save,more than a third (35 percent) say they aren’t saving more fortomorrow because they are unwilling to sacrifice their quality oflife today, citing such examples as spending for dinners out andvacations.
Only one in five participants would be confident in theirability to save for retirement without a 401(k)plan. In fact, participants worry as much about having enough moneyto enjoy retirement as they do about being healthy enough to enjoyretirement.
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