401(k)s Create Confusion For Many Americans

A new study shows that many older Americans may experience confusion concerning their 401(k) plans. The study was conducted by the Charles Schwab Corporation and found that, while most people realize the importance of 401(k)s, they do not understand exactly how they work. The survey stated that almost 50% of the participants were uncertain whether they were making a good investment, while over 1/3 reported being overwhelmed with stress over the matter. Approximately 6 out of 10 of those surveyed said they would like employers to offer financial advice on their personal 401(k) plans. More here

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