Investing in retirement isn’t limited to just traditional 401(k)s anymore. But more options can also lead to more consumer confusion — leaving advisers with their work cut out for them.
From digital currencies and sustainable target-date funds to annuities and even art-as-investment, the demand for diversification is at a notable high. According to the 2022 Investopedia Financial Literacy Survey, about one-third of employee investors under the age of 55 plan to rely on cryptocurrency during retirement. Sixty-nine percent of employees said they would or might increase their overall retirement contribution rate if environmental, social and governance (ESG) options were offered, according to the Schroders 2021 U.S. Retirement Survey.
