Firms Partner to Help 401(k) Participants Become Better Retirement Planner and Investors
Now more than ever, knowledge is the difference between success and failure in investing for retirement. That's why 401khelpcenter. com and Precision Information, LLC have teamed up to provide 401khelpcenter. com users with The Educated Investor Center.
PORTLAND, OR AND MADISON, WI (PRWEB) June 11, 2003
Now more than ever, knowledge is the difference between success and failure in investing for retirement. That's why 401khelpcenter. com and Precision Information, LLC have teamed up to provide 401khelpcenter. com users with The Educated Investor Center. The Educated Investor Center is designed to give individuals the knowledge they need to become a successful 401(k) investor.
"The greatest need for financial education is among people who participate in defined contribution plans at work," said Joe Saari, president of Precision Information. "Millions of people are facing challenging investment choices with very little preparation or experience. Our partnership with 401khelpcenter. com is an effective way to put the power of financial education in the hands of employees and the plan sponsors who serve them," Saari said.
Of American workers questioned in a recent survey sponsored by the Employee Benefit Research Institute and the American Savings Education Council, the vast majority (89 percent) describe their personal knowledge of investing or saving for retirement as less than comprehensive, and nearly half (43 percent) state they possess no better than limited knowledge.
In response to the survey question: How confident are you that you (and your spouse) are doing a good job of preparing financially for your retirement? - Only 24 percent replied they are "very" confident, while 29 percent are either "not too (confident)" or "not at all (confident)."
"As all the studies show, most employees are poorly prepared to make decisions about their retirement investments," said Rick Meigs, President of 401khelpcenter. com, LLC. ÂThe addition of The Educated Investor Center will continue our emphasis on helping the 401(k) plan participant become a better retirement planner and investor,Â Meigs said.
Developed by Precision Information, the Educated Investor Center focuses on three primary course topics: financial planning, investment strategy, and mutual funds. Each course has tutorials that cover a range of important topics.
Determining Retirement Needs
How to Contribute to Retirement Plans
Introduction to 401(k) Plans
Introduction to Retirement Planning
Retirement Investing Strategies
The Language of Retirement
Asset Allocation and the Investment Time Horizon
Asset Allocation: Creating a Portfolio
Introduction to Risk-Return Relationship
Investment Strategies for a Volatile Market
The Importance of Diversification
Types of Investment Risk
Expense Ratios in Mutual Funds
Introduction to Mutual Fund Prospectuses
Introduction to Mutual Fund Terminology
Introduction to Mutual Funds
Mutual Fund Expenses
Types of Mutual Funds
The Educated Investor Center is a free service and can be found at the following web address: http://www. precision-info. com/401khc/ (http://www. precision-info. com/401khc/).
ÂThe American worker needs a healthier understanding of what it takes to save and invest for retirement. We are really pleased to partner with Precision Information in providing The Educated Investor Center,Â said Meigs.
About 401khelpcenter. com
401khelpcenter. com, located in Portland, OR, is a principal provider of information, opinion, analysis, news, rules, and other 401k resources for retirement professionals, plan sponsors, small businesses, and plan participants. For more information, visit the companyÂs web site at www.401khelpcenter. com.
About Precision Information, Inc.
Precision Information is a leading provider of interactive financial education products to financial service firms and millions of individual investors. PIÂs customers benefit from the companyÂs proprietary database of more than 2500 pages of articles, tutorials, definitions, and quiz questions. Such industry leaders as Ameritrade, Morningstar, Intuit, and New York Life rely on Precision Information to provide accurate, reliable, unbiased, engaging and easy-to-use NASD-compliant material through web, print, and software applications. PIÂs flagship software product, The Encyclopedia of Personal Finance 2003Â, is the most comprehensive personal finance education resource available for the individual investor.