Search
 

Americans hold misconceptions on professional retirement advice, study reveals

Many middle-income Americans not using professional retirement advice wrongly think they can plan without help, don't have enough assets to require an advisor or can't afford advisor's fees.

By Amanda McGrory-Dixon | Updated on March 08, 2011

Many middle-income Americans not using professional retirement advice wrongly think they can plan without help, don’t have enough assets to require an advisor or can’t afford advisor’s fees, according to a new Bankers Life and Casualty Company Center for a Secure Retirement study.

Of the 54 percent of respondents who don’t receive professional guidance, 47 percent say they could plan for retirement without an advisor, despite feeling retirement planning is complex and overwhelming.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.