Retirement: Many do-it-yourself investors not engaged

The majority of people are do-it-yourself investors when it comes to managing their retirement savings, according to a large study, out Tuesday.

About two-thirds (63%) of workers with 401(k)s are going it alone, managing their own investments. About half of those folks (54%) are unengaged, that is not taking an active role in managing their account, says a data analysis of 13 million participants in Fidelity Investments 401(k) plans across the country.

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August 22, 2014 In: Current Affairs, Financial Articles Comments (None)