A study commissioned by Betterment for Business, the 401(k) service provider arm of New York City-based robo-advisor Betterment, suggests technology as a fix for a 401(k) system marked by participants’ broad confusion and lack of confidence in their retirement prospects.
Half of the participants surveyed expect 401(k) savings to be a significant source of retirement income, far more than is expected from any other source, such as a traditional pension plan or Social Security.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
