All Articles Tagged "401 K"
(MyBankTracker) — Financial literacy means understanding how the financial decisions you make today can affect you in future, and starts with understanding basic financial principles that make up the backbone of financial planning. The RAND Financial Literacy Center was established back in 2009 as part of an effort to create financial tools programs to assist individuals expand their understanding of personal finance. That effort also included developing a list of the most important financial literacy concepts for young consumers to understand.
(Smart Money) — For overworked, under-saved Americans, free, personalized investing advice at work may sound like a great opportunity. But when representatives from the retirement plan come to Mark Patterson’s office, the 59-year-old Nashville lawyer usually skips the sessions. “Those representatives, they’re not financial planners,” Patterson says, adding that the advice they give is often “fairly basic.”
In corporate conference rooms across the country, companies that are trying to help employees plan their future are facing an odd problem: They don’t seem to want the help. Faced with mounting concern that a generation of retirees simply won’t have enough saved, firms big and small have started offering financial advice to employees through their retirement plans