“You have to figure out which makes the most sense for you, and each plan is different and might not have the same options,” said Grant Easterbrook, co-founder at Dream Forward.
Other topics that serve as the biggest pain points for retirement plan investors include tax-related questions and challenges with understanding investing concepts, terms of a company match and profit-sharing programs, and rollovers.
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To reduce the complexity, the challenge is twofold, according to Easterbrook.
First, the financial industry must simplify retirement plans and the language through which it communicates the choices that are available.