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At a recent Employee Benefit Research Institute webinar, experts on retirement planning emphasized the importance of making advising more accessible to workers to help improve their financial literacy and wellness.
The webinar was built around EBRI's "2022 Spending in Retirement Survey." The survey's results demonstrated the value of professional retirement planning, while also showing that it remains underutilized. Among the findings, 37% of those with an employer-sponsored retirement plan as a major source of income and 36% of those who work with a financial advisor were able to retire earlier than expected because they could afford to take that step vs. just 16% of those with low financial knowledge.
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