Sixty-seven percent of respondents said they would like personalized investment advice for their 401(k) plan, according to Charles Schwab’s 2015 401(k) participant study. However, only 12% indicated they currently get this type of professional advice in managing their retirement assets.
Survey participants indicated that such advice would dramatically increase their confidence in making the correct investment decisions.
On their own, only 44% of the total indicated they were “extremely/very” confident in their ability to make the correct decisions. With the help of a financial professional, that figure increased to 73%.