401(k) savers want to know: How much do I need to save for retirement?
Schwab's nationwide survey of 401(k) participants identifies what savers think they need, as well as their use of Health Savings Accounts.
By Kristen Beckman|September 21, 2020 at 08:33 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Pre-retirees have questions about how much money they will need to save for retirement and how long they will need to make those dollars last, according to a nationwide survey of 401(k) participants by Charles Schwab Retirement Plan Services.
The survey of 1,000 401(k) plan participants between the ages of 25 and 70 found that those who have sought the advice of a financial advisor were more confident in their investment decisions than those who haven’t. About half of participants believed they could benefit from advice about saving for retirement.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Competing successfully in today’s labor market means moving away from reactive recruitment practices that are overly reliant on compensation. Instead, take a more strategic approach with innovative add-on health benefits that complement core benefits and can be tailored to the needs and wants of a diverse workforce. Download this guide to learn how.