Less Time Spent on Retirement Investments than Choosing a Restaurant

By SHRM Online staff Mar 14, 2014

More Americans spent less time in the last year planning for an investment for their retirement years than choosing a restaurant, flat screen TV or tablet, according to an annual survey by TIAA-CREF, a financial services provider.

The survey polled a sample of 1,008 adults nationwide in February 2014 on their behaviors regarding individual retirement accounts (IRAs).

Source: TIAA-CREF 2014 IRA Survey

401(k) Matches Left on Table

Sixty percent of those who are contributing to an IRA also have an employer-sponsored plan such as a 401(k) or 403(b). Among those with both plans, more than half (53 percent) say they contribute to their IRA regardless of whether they have reached the contribution or matching limit of their employer-sponsored plan. This means they could be leaving money on the table if they are diverting money to their IRA before contributing enough to get their employer match.

Related SHRM Articles


Job Finder

Find an HR Job Near You
Post a Job

HR Professional Development Education in a City Near You

SHRM Seminars are coming to cities across the US this fall.

Find a Seminar


Find the Right Vendor for Your HR Needs

SHRM’s HR Vendor Directory contains over 10,000 companies

Search & Connect