Search
 

What it could cost to not buy advice

Heres where the proof is in the pudding. A new Franklin Templeton survey released Thursday finds 66 percent of those who map out a retirement strategy with a financial advisor have an understanding of how much of their retirement savings they will withdraw annually in retirement.

By Jenny Ivy | Updated on January 26, 2012

Employer confidence about worker retirement security took a nose dive in the past year alone. According to Aon Hewitt, a prominent HR consulting firm, 30 percent of employers were very confident their workers will retire with adequate retirement assets in 2011. That number has now plummeted to 4 percent.

Retirement accountability could be a central theme this year as more than half of responding companies report they’re going to encourage workers to take greater responsibility for their savings. But companies are also stepping up plan features like auto enrollment and auto escalation to push workers to save the right amount to match their retirement deadline.

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.