Charles Schwab 401(k) Survey

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.

What Goes On Your Credit Score?

During a segment on Good Morning America, Mellody Hobson discusses what affects consumers’ credit card scores. While this is common knowledge for FI’s, are your customers informed about how their financial habits are affecting their credit scores? Providing brochures and online information about credit scores will help your customers and members become more educated about how their day-to-day actions can affect their credit score.

Below, Mellody offers tips to help consumer effectively manage their credit scores.