Charles Schwab 401(k) Survey

Charles Schwab recently released conducted a nationwide survey of more than 1,000 401(k) account holders, analyzing the behavior of 401(k) holders and how they manage their accounts. TheStreet.com reported the following findings:

  • 70% of respondents said their 401(k) is their only or primary source of retirement savings
  • 47% are “very confident” when it comes to making investment decisions
  • 53% said they find their retirement plans more confusion than health care benefits

Click here to read the full survey analysis from TheStreet.com.

Written by Banking.com Staff