Despite widespread media reports of the importance of saving for retirement, less than half of those who participate in employer-provided retirement plans have a well defined investment strategy.

A Spectrem Group survey shows 61% of those who participate in employer-provided retirement plans are optimistic they’ll have enough income to live comfortably throughout retirement. A slightly smaller percentage (58%) think they’ve made the right investment choices to produce a good return.

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Given this state of optimism, it’s no surprise that many individuals are not looking for advice regarding their choice of investments for retirement.

When they do need advice, 32% seek help from an investment professional; 28% discuss ideas with others but make their own decisions; and 15% discuss ideas with others and follow their advice. Another 25% believe they’re knowledgeable enough to make their own investment decisions.

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