Employees are thinking more about what they need to do to retire securely, but their savings habits are making that goal difficult. That’s what Financial Finesse, an independent educational company that counsels employees at more than 400 organizations about financial matters, found when it compiled its “State of U.S. Employee Retirement Preparedness” report.
The report reveals some positive developments: Over the past year, more employees are inquiring about retirement planning issues with the company’s on-staff CFPs. Specifically, they want to know how much they need to save and where to put their money. Retirement workshop attendance has increased, as is the number of employees running a retirement projection.