21 Quotes by Lori Lucas

Many workers who are closer to retirement can be tempted to consume rather than save.

Retiree medical expenses are the big wild card. Most people will probably spend a lot more on medical expenses when they retire.

Our findings show that too many workers are not looking at their 401(k) savings as long-term in nature but are instead using termination of employment as an opportunity to spend this money,

There clearly is a lot of room to maximize usage of these plans.

With such little evidence that many employees understand or appreciate the risk of owning large amounts of company stock, diversification remains an issue in many plans.

We've noted over the past year that 401(k) participants' reaction to the bear market has been best characterized as

Employers are trying to give workers vehicles ? such as lifestyle funds ? that make diversification easier.

Employees who do not contribute enough to receive their employer's full matching contribution are leaving free money on the table,

Employees investing in their 401(k) plans profited from a strong market last year, but they still weren't engaged in the retirement savings process,