Retirement readiness and a lack of financial literacy remain significant problems with the average American worker. Many participants do not  fully understand that their lifestyle is what gets in the way of saving enough for their future. By spending money on trimmable areas of consumption instead of deferring their earnings into their retirement plan they are often “paying themselves last instead of first,” so to speak.

Plan sponsors spend an incredible amount of time on corporate retirement plans. But what is the point if employees are not engaging and participating meaningfully with the plan?

Many participants have an open ear, but need insight and guidance from a local financial advisor who is able to understand their needs and connect with them on a personal level. Absent that personal connection, many employees do not comprehend the larger financial puzzle of preparing for retirement.

This is an area of focus for us at Flagship Capital Advisors. We excel at engaging personally with plan sponsors and employees and fostering meaningful participation in corporate retirement plans for your area.

 

 

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