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Employees Highly Value Their 401(k) But Are More Likely to Get Help Changing Their Oil Than Managing Their Investments
Charles Schwab Link to more items from this source
Aug. 19, 2014
"Half of those surveyed (50%) say their 401(k) plan investment information is more confusing than their health care benefits information. Roughly one in three (34%) admit they feel a lot of stress when it comes to allocating their 401(k) dollars.... Less than one quarter (23%) of those with access to professional 401(k) advice say they have used it.... A large majority of participants surveyed (70%) say they would feel extremely or very confident in their ability to make the right investment decisions if they enlisted the help of a financial professional. Only 39 percent feel that same level of confidence when making investment decisions on their own." [Also available: an infographic and survey results (17 pages).]

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