Workers to bosses: chip in on planning

Workers know they have to save for retirement, but they’re lost without financial planning, a study found. Nearly half of the respondents said that they’re cutting back on savings and investing in order to deal with increasing benefit expenses, according to The 2007 Ameriprise Workplace Financial Planning Benefit Decision Study. Employees know they need help, and they’re calling on employers to chip in for planning that would help them address workplace benefit costs and related financial decisions. Eighty-one percent of those polled said they would take advantage of a financial planning option if their companies cover a portion of it as part of the employee benefits package. More than two out of three said they would be interested in one-on-one financial planning if their employer offers it. Additionally, 87% of employees said that the planning benefit would make them feel that their employer recognizes and values their efforts on the job.