Lori Lucas
Lori Lucas
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,
appreciate company employees evidence issue large owning remains risk understand
With such little evidence that many employees understand or appreciate the risk of owning large amounts of company stock, diversification remains an issue in many plans.
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.
closer consume rather retirement tempted workers
Many workers who are closer to retirement can be tempted to consume rather than save.
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.
average cycle excellent funds life
For the average person, these life cycle funds are an excellent option.