How important is education and access to the right information when making decisions about retirement planning?
MS. The right education and information is critical to success. When I talk to participants and hear them repeat information they heard on CNBC the night before, I know they’re losing sight of their retirement goals and focusing on the short term market movements. That’s because so much of the information out there is focused on the short term. Proper educational information constantly needs to remind participants that what the market does today, tomorrow or next week will have little impact on their success or failure as a retirement investor. BW. It depends. Individuals who need to tack action on their own do indeed need help with decisions such as how to draw income from a 401(k) plan and when to start receiving Social Security benefits. So access to education and the best information is very important for this group. Yet, there is a strong movement — that we wholeheartedly endorse — that says individuals left on their own will too often make poor decisions. And therefore indivi
