Finance is Fun and 401K

Updated 12 months ago

According to a recently published study, for 61% of workers surveyed said their 401(k) is their only savings for retirement and will be an important source of income along with Social Security. More than half have increased their contributions in the past couple of years and believe their investments have recovered since the crisis, and most realize the importance of a 401(k).

Here are the obstacles:

Too confusing – 52% said the their 401(k) was more complicated to understand than their health benefits.

Wish it were simpler – 57% said they wish there was an easier way for them to figure out the correct investments for them.

Don’t know best investment option- Almost half (46%) don’t know what is the best option for them to choose and a third (34%) are stressed out about not knowing which to pick.

Feel twice as confident w/advisor- Those with advisors felt twice as confident about making investment decisions than those making those investment choices on their own (61% to 32%).

You are not alone if you feel overwhelmed. But you don’t need to stress about it Maybe it’s time to speak with a professional..

Marion Syversen, MBA
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
Check out our website that includes weekly streaming videos
WWW.NorumbegaFinancial.com

Disclosure:
Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Wall Street Financial Group, Inc. and Norumbega Financial are separate entities, independently owned and operated.CR9510


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