Our recent study with AON Hewitt found that people who participated in their employer’s 401(k) plan and used some form of professional help did better than those who chose to manage their portfolios on their own.*
Watch this video to find out why this is happening.
Here’s the bottom line: our study found that people who don’t get professional help are more likely to take on too little or too much risk. In fact, we observed that more than 60% of 401(k) participants who didn’t use help had portfolios with inappropriate risk levels. Of those, approximately two-thirds were taking on too much risk, and about one-third were taking on too little risk, jeopardizing their ability to accumulate sufficient retirement wealth.
If you are a Financial Engines customer, we can help you balance your investments and manage risk. Here’s how you can find out if you qualify for our services.