Visitor Poll Results

401k Planning often asks visitors their opinions on various retirement planning issues. Following are the results of these unscientific 401k Planning surveys:

Do you think automatically annuitizing all or part of a retiree’s 401k balance is a good idea?

  • Yes (0%, 0 Votes)
  • No (0%, 0 Votes)
  • No Opinion (100%, 0 Votes)

Total Voters: 0

Start Date: April 7, 2010 @ 3:57 pm
End Date: No Expiry

SB 2832 would require 401(k) plans to inform workers of the projected monthly lifetime income they could expect at retirement based on their current account balance. Do you think this is a good idea?

  • Yes, a good idea who’s time has come (70%, 178 Votes)
  • No, another unnecessary government mandate (30%, 76 Votes)

Total Voters: 254

Start Date: December 7, 2009 @ 8:15 am
End Date: No Expiry

The Employee Benefit Research Institute (EBRI) reports the average 401k balance dropped 24% in 2008. Did your 401k fare better or worse than the average?

  • Worse – My 401k losses were > 24% (55%, 128 Votes)
  • Better – My 401k losses were < 24% (45%, 105 Votes)

Total Voters: 233

Start Date: October 7, 2009 @ 6:04 am
End Date: No Expiry

The single most important funding source for my retirement will likely be (pick one):

  • 401k or other defined contribution retirement program (59%, 82 Votes)
  • Social Security (21%, 29 Votes)
  • Defined benefit pension from my employer (11%, 16 Votes)
  • Continued work – retirement not an option (4%, 6 Votes)
  • Other (3%, 4 Votes)
  • Inheritance or other windfall (1%, 2 Votes)
  • Equity in my home (1%, 1 Votes)

Total Voters: 140

Start Date: March 20, 2009 @ 6:32 pm
End Date: No Expiry