A study commissioned by Betterment for Business, the 401(k)service provider arm of New York City-based robo-advisor Betterment, suggeststechnology as a fix for a 401(k) system marked by participants’broad confusion and lack of confidence in their retirementprospects.
Half of the participants surveyed expect 401(k) savings to be asignificant source of retirement income, far more than is expectedfrom any other source, such as a traditional pension plan or SocialSecurity.
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