Charles Schwab recently released conducted a nationwide survey of more than 1,000 401(k) account holders, analyzing the behavior of 401(k) holders and how they manage their accounts. TheStreet.com reported the following findings:
- 70% of respondents said their 401(k) is their only or primary source of retirement savings
- 47% are “very confident” when it comes to making investment decisions
- 53% said they find their retirement plans more confusion than health care benefits
Click here to read the full survey analysis from TheStreet.com.