New research shows that 55 percent of respondents would like access to financial planners through their employer retirement plans. Not surprising, given the growing uncertainty in picking growth investments suitable for supporting American workers in what is supposed to be their "golden years."
Meanwhile, another study indicates a further reason for direction in financial picks: our DNA. People with a high-risk version of the dopamine gene take on riskier investments about 25 percent more often than those with the gene's more moderate-risk common version. Indeed, genes account for roughly "30 percent of variation in risk-taking behavior," estimates the author of the study.
It seems garnering a secure financial future is indeed a science, one employers would do well to fund.
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Comments: 10
Maybe this is a pretty impossible question, especially now, but that risk gene...
So true. Indeed, the study referenced above also showed a link between increased testosterone levels and investment risk taking.
I think if someone would find something good and take a risk it would wind them up bankrupt.
I have a plethora of books on money, finances, retirement, investing, saving, etc.....and feel that I do not need any kind of financial planner, albeit we do have two or three personally. I've pulled all of our money out of the stock market and am putting it into several other savings tools. Have no desire anymore to be in the stock market. People should take it upon themselves to do their own research, their own investing, etc.......and take total responsibility for their financial lives.