 |
Many unprepared to manage 401kPosted by Retirement on: 2005-09-20 08:15:35 in category:
401(k) [ Print | Permalink / 0 Comment(s) ] WASHINGTON, DC, United States (UPI) -- For many U.S. employees, their largest single financial asset is their 401k plan, but many admit they`re not prepared to manage their funds. A Hewitt Associates survey of more than 2.5 million employees eligible to participate in 401k plans indicated many workers aren`t making smart investment decisions or taking time to adjust their holdings as they grow older or market conditions change, reported the Pittsburgh Post-Gazette Sunday. The survey found 30 percent of those eligible haven`t enrolled in their company`s 401k plan, while 22 percent failed to contribute enough to qualify for the full company match. Only 17 percent rebalanced or modified their portfolio last year by making a transfer within their 401k accounts. Workers in their 20s -- who most advisers say should predominantly invest in stocks -- held less stock than workers in their 30s, according to the survey. Homepage Please support are sponsors. To design you custom retirement plan. http://www.retirement-plan.us For planing a IRA rollovers. http://www.ira-rollover.us Professional asset allocation and the wonders it can do. http://www.asset-allocation.us Professional money management: National ranked performance. http://www.roth-ira.us Managers selected to fit your needs. http://www.money-managers.us |
|
Related Stories |
|
Post new CommentThis site does not allow anonymous comments. Registered members can login to participate. Registration is free and takes only a few seconds |
|
