Wednesday, September 10, 2014

Workers avoid retirement planning help: No. 1 reason why

By Jared Bilski


There are some very compelling reasons HR should let workers know there are plenty of places they can go for retirement-planning advice and assistance.

Reason: Nine in 10 retirement plan participants rely solely on themselves when it comes to retirement planning, according to a report from Schwab Retirement Plan Services.
And that can be very dangerous.

After all, many employees rely on their 401k as their main or only source of income in retirement. So if they’re only relying on their own instincts to get that retirement-plan balance where it needs to be, chances are they’re missing out.

More invested in picking a cell phone

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