A majority of investors (57%) also believe the existing retirement vehicles, including the 401(k) and IRA, provide enough options to Americans versus 40% who think more choices are needed. However, this gap widens among those with access to a 401(k)-type plan: 62% say available retirement vehicle options are sufficient; 37% say more types are needed. Among those without access to a 401(k)-type plan 49% say available options are sufficient, and 46% say more types are needed.“Nine out of 10 investors are telling us the tax deferral status of retirement accounts is something that is important, and they want to be able to put away more money on a tax deferred basis. People respond positively to this incentive, and we need to continue to encourage saving as a country,” added Ready.
Infographic: Wells Fargo/Gallup Investor And Retirement Optimism Index First Quarter 2014 (Graphic: Business Wire)
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