8/16/2013 – Many Americans are confused by 401(k) retirement plans (LA Times)

Americans rely heavily on 401(k)s to fund their hoped-for retirements, but many people find the plans bewildering and aren’t sure they’re making the right investment choices.

That’s the upshot of a new survey by Charles Schwab Corp., which found that people know they need 401(k)s even if they aren’t always sure what to do with them.

Read the full article at the LA Times.