Julie Jason: Are you ‘clueless’ about your retirement savings?

Research firm Cerulli Associates asked 401(k) participants age 45 and older a simple question: “When you retire, what do you plan to do with your savings?” Here is the conclusion that the researchers reached, as reported by Cerulli Director Jessica Sclafani: 401(k) “participants are generally clueless as to what they will do with their accumulated savings.” I hope that’s not you. Let’s talk about why Cerulli reached that conclusion. When asked what they will do with their 401(k) account savings, one-quarter of respondents explicitly answered, “I don’t know.

from Business https://www.ctpost.com/business/article/Julie-Jason-Are-you-clueless-about-your-13434576.php