More than six in 10 retirement plan participants under age 40 say they find online retirement calculators most helpful, new research show.
OneAmerica Financial Parnters Inc., Indianapolis, reports this finding in a survey that explores a “digital divide” between older and younger generations in respect to using technology to preparing for retirement.
The report shows that younger retirement plan participants are more likely to use online retirement calculators, interactive charts and mobile apps in preparing for retirement than older counterparts.
Among the report’s key findings:
Only 51 percent of participants age 41 to 50 and only 41 percent of those over 50 find online retirement calculators helpful.