Many 401(k) participants are planning to increase their contributions and become more aggressive in their allocations in 2001, according to the results of a recent survey by Fidelity Investments.
Some 41% of 401(k) investors who responded to a Fidelity telephone survey in mid-November said they plan to increase the amount they will contribute to their 401(k) this year, and 31% said they would invest their portfolios more aggressively. The survey was of 486 plan participants who called Fidelity's 401(k) unit.
At the same time, 76% said they are either somewhat confident or very confident that they will have enough money saved to provide comfortable retirement. And 54% said they expect that either their 401(k) or their spouse's 401(k) will be their primary source of retirement income.