Americans Need a Safe Harbor to Weather Financial Storms

Retirement savers need access to safe investment options within defined contribution plans as underscored by a 2009 Prudential Financial research study on near-retirees and retirees. The study shows that:

- 30% of near-retirees have postponed their retirement due to the market decline;
- 30% of near-retirees have reallocated their 401(k) assets, with nine in 10 of this group moving into more conservative investments; and,
- More than 80% of near-retirees say they are more cautious and wish they had the option of better protecting their assets from market losses.

Americans Need a Safe Harbor to Weather Financial Storms
Source: Business Wire