As retirement confidence among employees remains low, small business owners and their workforces may even be less prepared due to the scarcity of formal retirement education and established retirement savings plans to help this demographic.
But retirement confidence among small business owners is remarkably high, according to new research from Guardian Life Insurance Company of America. Approximately 52% of the 1,500 small businesses surveyed up from 50% in 2011 are feeling more confident about retirement. Meanwhile, 37% of the employers with fewer than 100 employees say they are banking on selling their businesses to fund their retirement futures.
