There's been a strong trend brewing for some time now in which people want more control over their retirement funds. Case in point: According to the 2015 Employee Financial Wellness Survey from PwC, more than 70 percent of employees now say they should be primarily responsible for funding their retirement. Just 17 percent say their employers should do so, and only 13 percent say the government should.
The problem: They don't think it's going to work out. Only 43 percent believe they’ll be able to retire when they want to, and 35 percent say they’re going to have to use money they’d intended to fund their retirement for nonretirement purposes.
Baby boomers are the most worried about managing their retirement, with 53 percent saying they’re afraid they won’t be able to retire when they want to. Thirty-five percent fear they’ll run out of money in retirement, while 41 percent are worried about the cost of health care in retirement.
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