If you've made contributions to an employer-sponsored retirement plan, such as a 401(k), you're among the majority of Americans - but just barely. That's one result from a recent Harris poll on the retirement-savings habits of Americans aged 40 to 75, which found that just 51 percent of us are investing in an employee-sponsored plan.
The survey found that 48 percent contributed to their own retirement vehicle, such as an IRA, annuities, or a stock portfolio. But that doesn't mean you can add the two figures together, and estimate that 99 percent have set up a retirement savings plan. More likely, the people who are responsible enough to maintain a 401(k) are also making other retirement investments as well.
And certainly, not a lot of people have moved beyond those steps. Only 23 percent said they have consulted with a financial advisor, and just 11 percent have developed a written financial plan for retirement. Meanwhile, 28 percent say they haven't thought much about the whole thing.
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