Across generations, U.S. workers still struggle to set and follow retirement income plans, a LIMRA Secure Retirement Institute study shows.
Nearly one-third of investors surveyed said they most need advice about which retirement plan funds to invest in.
Holistic financial education can help different generations in the workforce address their unique vulnerabilities that can derail plans for retirement.
Nearly four out of 10 retirement plan participants are not familiar with all the investment options in their plan.
If only retirement plan participants knew how a small change in retirement savings could add up, they would be more willing to make the change.
Fewer participants changed their defined contribution plan asset allocations in 2014 than in 2013.