Lori Lucas
Lori Lucas
employers funds lifestyle trying vehicles workers
Employers are trying to give workers vehicles ? such as lifestyle funds ? that make diversification easier.
closer consume rather retirement tempted workers
Many workers who are closer to retirement can be tempted to consume rather than save.
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,
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,
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,
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.
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.
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.
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.
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.