Lori Lucas
Lori Lucas
closer consume rather retirement tempted workers
Many workers who are closer to retirement can be tempted to consume rather than save.
employment instead looking nature opportunity savings spend using workers
Our findings show that too many workers are not looking at their 401(k) savings as long-term in nature but are instead using termination of employment as an opportunity to spend this money,
bear best market noted past reaction year
We've noted over the past year that 401(k) participants' reaction to the bear market has been best characterized as
clearly maximize room
There clearly is a lot of room to maximize usage of these plans.
expenses medical people spend wild
Retiree medical expenses are the big wild card. Most people will probably spend a lot more on medical expenses when they retire.
accustomed growing market perhaps simply until volatility waiting
Perhaps participants are growing accustomed to market fluctuations or they are simply waiting until the volatility subsides.
employers funds lifestyle trying vehicles workers
Employers are trying to give workers vehicles ? such as lifestyle funds ? that make diversification easier.
contribute employees free full leaving matching money receive
Employees who do not contribute enough to receive their employer's full matching contribution are leaving free money on the table,
employees engaged investing last market plans retirement savings strong
Employees investing in their 401(k) plans profited from a strong market last year, but they still weren't engaged in the retirement savings process,
actively employees good investment manage safer
In many cases, employees don't actively manage their 401(k) portfolios because they don't know how to make good investment decisions, ... They feel safer doing nothing.
group thinking
Clearly, this is a challenging group to get thinking about their futures.
improves instead retire retirement save
If you save just 2% more and retire at 67 instead of 65, it dramatically improves your retirement outlook.
attention control despite financial investing people security urgency workers younger
Despite all the attention around retirement, it's discouraging to see that many people -- especially younger workers -- still do not feel a sense of urgency to take control of their financial security by investing proactively in their 401(k) plans,
anecdotal annual average choice choices evidence proactive sure
The average person is not making any choices on a proactive basis, on an annual basis. We have more anecdotal evidence that the individuals are not really sure what the choices are.