Monday, November 14, 2005

 

Many going it alone with retirement plans

Nearly 60% of retirees, and half of those who expect to retire within five years, are preparing for their financial future without the help of a financial adviser, according to a soon-to-be-released study.

Although 81% of retirees and 69% of pre-retirees attest to having a financial plan in place, more than 60% of all respondents concede that the plan is not in writing, according to the survey by MainStay Investments of Parsippany, N.J.

Many going it alone with retirement plans
Source: Investment News (subscription required)

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