How Confident Are Americans About Retirement in 2017?

retirement, 401k, investments

How good are we feeling about retirement?

Forget your wallet, what’s in your 401k?

Bank and credit card giant Capital One finds that Americans continue to lack confidence, experience and trust when it comes to retirement planning and investing.

The annual survey found less than two thirds of Americans feel confident they’re saving enough to retire comfortably—down from 64 percent a year ago and 72 percent in 2015—and even fewer (49 percent) have established a long-term financial plan.

Meanwhile, investors are seeking digital tools like financial aggregators and robo-advisors to help plan for the long-term, and unbiased human advice to help in times of market volatility and uncertainty.

“Today’s investors need a combination of great digital tools and unbiased advice to navigate the markets and get on a path to action and confidence,” Yvette Butler, president of Capital One Investing, said in a statement. “We’re committed to enabling smart investing habits by delivering straightforward, accessible tools and experiences that leverage the best of technology and human advice.”

“It is fascinating to see how investors of different ages and backgrounds perceive, prioritize and engage in financial planning,” Butler added. “These insights help us build and deliver a broad set of solutions that are designed to meet investors on their terms, enabling them to pursue their dreams.”

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