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,
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.
average
the average person is not going to do anything.
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,
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
leverage plans room
There's a lot of room for individuals to leverage investments in their plans to get the most out of their account.
amount approach employees lack needs relying responsibility understanding
There just needs to be a different way employees approach it. There is a lack of understanding around the amount of responsibility individuals have when they're relying on a 401(k) for retirement.
percent plan save
About 81 percent say they plan to save later.
companies employee employees financial mainly responding services
It's tended to be financial services firms or companies with employees who are investment-savvy. And they've been mainly responding to employee demand.
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.
closer consume rather retirement tempted workers
Many workers who are closer to retirement can be tempted to consume rather than save.