TIAA-CREF Survey Finds Americans Spend Less Time Planning their IRA Investment Than Choosing a Restaurant
Targeted News Service |
More Americans spent less time in the last year planning for an
The survey was conducted by an independent research firm and polled a random sample of 1,008 adults nationwide on their attitudes, preferences and behaviors regarding Individual Retirement Arrangements or IRAs.
"An
Despite these benefits, the survey found that fewer than one in five (17 percent) of those surveyed currently contribute to an
Click here to learn about five things you may not know about IRAs. (https://www.tiaa-cref.org/public/advice-guidance/saving-for-retirement/five-things-you-need-to-know-about-IRAs)
The survey reveals that the number of Americans who would consider an
It is possible that a lack of understanding is responsible for low
"More and more people are unaware of the ultimate value an
Even among those who already have an
Sixty percent of those who are contributing to an
"Retirement planning can feel confusing and even overwhelming, but individuals should feel empowered to take charge of their financial future," added Chittenden. "We encourage people to meet with a financial advisor and take advantage of online tools to learn about their options and help guide their savings strategy. Employers who sponsor retirement plans also play a critical role in helping educate employees about their retirement options."
It is not too late for individuals to contribute to an account and potentially reduce their 2013 taxes. Americans can contribute as much as
For more information about the
TIAA-CREF Offers a Variety of
TIAA-CREF offers advice and guidance to identify which
TIAA-CREF has been offering personalized retirement plan financial advice since 2005 at no additional cost to clients of all income brackets and life stages. The company currently offers in-person financial services at more than 65 offices across the country, in addition to phone representatives who are licensed and trained to provide advice. These services provide individuals with a suggested asset class mix and investment recommendations on retirement plan assets, to support their success in reaching their retirement income goals.
For more information and tools for retirement planning, visit the TIAA-CREF Advice and
Survey Methodology
The survey was conducted by
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