Employees need financial help when it comes to planning out their future, but they may be looking in all the wrong places.
Americans have a murky understanding of how to plan for retirement and don’t want to spend much time clearing it up: a study by Value Penguin found that 63% of Americans are confused about what a 401(k) plan is. A separate survey by TIAA found that Americans spend more time planning where they’ll eat out for special occasions or researching information around purchasing electronic devices than they do choosing investments for their IRA accounts.
