New survey results from TIAA-CREF “make it clear that it has never been more important for plan sponsors to consider advisory services as part of their overall plan.” Among the findings: nearly half of those surveyed worry about their long-term financial futures, and individuals are 60% more likely to implement financial changes when there is specific investment advice, as opposed to general guidance.
TIAA-CREF and KRC Research conducted the national poll this July among 1,006 adults aged 18 and older, and there were distinct differences based on respondents’ ages. Baby boomers were the most likely to report that financial advice was very difficult to respond.
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