2016 Prudential Retirement Preparedness Study results

I just found a copy of the 2016 Retirement Preparedness Study from Prudential Investments. The readers of this blog post may have an interest in a quick summary of the results.

• Nearly two-thirds (64%) are overwhelmed by the number of financial product choices.
  
• Over half of investors 53%) say they do not have time to be actively involved in the day-to-day management of their investments.
  
• About half of investors (52%) worry quite often about their investment being exposed to the ups and downs of the stock market.
  
• Responding to the survey question, “Which course of action would you be most likely to take in your investment/retirement portfolio if the stock market dropped 20?” a full 36% of individual investors surveyed answered, “Do nothing.”

The survey clearly reinforces the need for individual company 401(k) retirement plan investment advice.

Ric Lager
Lager & Company, Inc.