Almost 75% of plan participants want advice

73% of 401(k) savers would like personalized investment advice for their retirement savings, according to annual survey from Charles Schwab Corp..

Among the 401(k) plan participants surveyed by Schwab, almost half (49%) said they were very confident in investment decisions with professional help, with a lower 27% expressing confidence in their own decision making. About 39% of workers said they are already receiving professional advice through their plan at work.

It’s 2023 and I think it’s a mistake not to offer plan participants, the opportunity to get investment advice.

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