The vast majority of Americans with access to 401(K) plans use them, but nearly as many don’t use them correctly.
- Among 55 to 65 year-olds, about 70% have either less than 20% in stocks or more than 80%.
- Among 25 to 35 year-olds, almost a third have 80% or more in cash.
- Across all age groups, 401(k) Participants tend to stick with either stocks or cash while keeping less than 10% in fixed income.