In a world of confusion about retirement planning, more than a third of Americans say they put their trust in financial advisors to explain the issues to them and help set a course, according to a new LIMRA study.
The organization released its results as America Saves Week comes to an end and players all along the retirement food chain seek to get workers reinvested and re-inspired in their retirement planning.
"Our survey found that more than 4 in 10 consumers felt they were not well-informed about generating retirement income, investing retirement assets, and managing risks and expenses in retirement," said Matthew Drinkwater, associate managing director, LIMRA retirement research. "The good news is people are willing to turn most often to financial planners/advisors to seek help when planning for retirement."
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