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When it comes to retirement finances, uncertainty abounds 2010-04-13 Even though the number of people with retirement plans rose between 2008 and 2009, many are uncertain about their savings strategies. According to the results of a MetLife survey - reported by Investment News magazine - 41 percent of workers said they wanted help from a retirement planner, but just 35 percent of workplaces offered planning sessions. The life insurance company's findings are surprising, considering that more people were willing to save for retirement in 2009 than 2008. Thirty-nine percent of people had a retirement plan two years ago; last year, 47 percent did. But Americans are, in all likelihood, more likely to save and more uncertain about the savings process for the same reason. In the recession, homes and stock portfolios plummeted in value, leading more people to the realization that they couldn't count on substantial gains in their investments. The downturn taught consumers that long-term saving was the most reliable way to retirement wealth - but many realized that they didn't actually know much about saving and investing. If MetLife's survey is any indication, both retirement saving and retirement education will get more popular in the years to come.  |
