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Most 401(k) participants clueless about retirement planning

While the majority of Americans would like to retire before the age of 65, most admit they wont be able to do so.

By Paula Aven Gladych | Updated on June 17, 2013

While the majority of Americans would like to retire before the age of 65, most admit they won’t be able to do so.

A recent nationwide poll of more than 1,000 American workers who participate in a 401(k) plan by J.P. Morgan Asset Management found that the vast majority of savers don’t have a clue how to manage their retirement planning and admit they need professional help.

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