46% of 401(k) investors are clueless about their investments, CNBC survey finds. That’s not always bad

Surprising fact: Nearly half of 401(k) investors are in the dark about their investments. However, this may not be a bad thing. Many employers automatically enroll workers into these plans, managing contributions and investments on their behalf, often directing them towards well-diversified target-date funds. Find out why this hands-off approach can be a smart strategy for retirement savings.

Enjoy this complimentary download:

Retirement Planning Checklist (GRA BLOG)

  • This field is for validation purposes and should be left unchanged.

By submitting your contact information, you consent to be contacted regarding retirement income strategies that utilize investments and insurance products.

Source Article: https://www.cnbc.com/2023/09/07/almost-half-of-401k-investors-clueless-about-their-investments-cnbc.html

Our firm is not affiliated with the U.S. government or any governmental agency. Investment advisory products and services made available through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor. Investing involves risk, including the potential loss of principal. Any references to protection benefits, safety, security, and lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified tax professional for guidance before making any purchasing decisions. Our firm is not affiliated with the U.S. government or any governmental agency. This material is intended to provide general information and is believed to be reliable, but accuracy and completeness cannot be guaranteed. Investment advisory services made available through AE Wealth Management, LLC (AEWM). AEWM and Gregory Ricks & Associates are not affiliated companies. 02026183 – 10/23