401k savers want financial advice

Many savers with 401(k) plans are seeking professional financial advice because they are concerned about the impact of inflation on their savings, according to a recent survey. Among respondents, 60% said they need professional advice, and 55% said they would be very confident making investment decisions with the help of an advisor. Just 38% said they were confident making their own investment decisions. Respondents said they need advice on choosing investments, calculating how much to save and how to create income in retirement, and preparing for taxes in the future.