Workers with Financial Advisors Put Away More Towards Retirement

Workers with Financial Advisors Put Away More Towards Retirement

American workers with financial advisors put away two times the percentage saved by adults without an advisor finds a study from PenFed Credit Union.

The survey also found that on average, adults direct 7.6% of their salary to their retirement savings.

Households with incomes over $100,000 put nearly two times a higher percentage towards retirement than lower-income households. Workers with automatic savings also put away more towards retirement  -- about two times of those without auto-savings, just over 10 percent as compared to nearly 5 percent.

The survey was conducted online among a cross section of 1,000 adults, 18 years of age and older.

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