Where do people turn for trusted financial advice? How are they feeling about their retirement prospects? Research seems to indicate that a lot of people aren’t seeking financial guidance or feeling very confident about a comfortable retirement.
According to the Northwestern Mutual 2022 Planning & Progress Study, 62% of U.S. adults say their financial planning needs improvement, but just 35% work with a financial professional.1 That same survey found that 58% of adults who don’t work with a financial professional are somewhat or very anxious about their finances.1
Plan advisors and sponsors have a unique opportunity to support the women participating in employer-sponsored retirement plans — and that’s important because it’s long been recognized that men and women tend to approach investing quite differently.
