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401(k) funds studied for far less time than car purchases, survey says
401(k) funds studied for far less time than car purchases, survey says

Americans know that 401(k) retirement plans are important, but they spend only a moderate time researching investments and are often confused about how to pick the best funds, according to a new survey. Nearly nine in 10 workers view 401(k) plans as essential employee benefits, far outdistancing disability insurance, extra vacation days and the option to work from home, according to the poll by Charles Schwab Corp. But the typical employee spends only about two hours analyzing 401(k) choices, roughly half the time spent researching car purchases or vacations. Half of poll respondents said their 401(k)s are more confusing than the medical plans. Only about one-quarter of survey...

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