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Roughly Half of Retirement Investors Rely on Themselves for Advice

A survey conducted by a not-for-profit group devoted to educating people about retirement investing released a survey showing that roughly half of the nation's retirement investors rely on themselves instead of advice from a financial planner or employer.

The Stable Value Investment Association surveyed 500 workers who hold 401(k) or other retirement accounts, as well as 300 retirees with at least $5,000 invested.

The results show that 52% of all retirees and 48% of working Americans depend on themselves when they make decisions about investing for retirement.

Fifty-three percent of the workers said they rely on information provided by an employer or plan provider, while only 12% of retirees said they rely on those resources.