Many workers who are closer to retirement can be tempted to consume rather than save.
Our findings show that too many workers are not looking at their 401(k) savings as long-term in nature but are instead using termination of employment as an opportunity to spend this money,
Employers are trying to give workers vehicles ? such as lifestyle funds ? that make diversification easier.
Despite all the attention around retirement, it's discouraging to see that many people -- especially younger workers -- still do not feel a sense of urgency to take control of their financial security by investing proactively in their 401(k) plans,