An Educational Opportunity…

November 2001
Journal of Financial Planning;Nov2001, Vol. 14 Issue 11, p25
Academic Journal
The article focuses on the need for education among small-business owners on 401 (k) plans in the United States. Nationwide Financial, a distributor of retirement and income distribution products, surveyed 500 people younger than age 60 with incomes of at least $150,000 a year. They ranged from doctors and attorneys, to business owners and corporate executives. Among their findings: 71 percent reported that they were very knowledgeable about 401(k) plans, however only 49 percent of small-business owners reported similar levels of knowledge. 46 percent of small business owners consider a pre-existing relationship very or extremely important to consider when selecting a financial advisor, while only 34 percent of other successful professionals agree.


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