August 09, 2012
planning is an increasing focus for employees, according to a report. ---
Financial Finesse, a financial education company, said
retirement planning questions made up 32% of total questions received by the
company's financial planners in the second quarter of 2012, up from 25% in the same quarter a year earlier, and from 20% in the same quarter of 2010
and 14% in second-quarter 2009.
However, employees’ retirement preparedness remains
dangerously low, with the majority indicating they haven’t run a retirement
projection or taken a risk tolerance questionnaire to appropriately allocate
There are early signs that employees’ increased focused on
retirement planning, coupled with strong market returns, is beginning to affect
their confidence—18% of employees year-to-date indicate they are on track to
retire versus 14% in Q1 2012.
The full report is available here.