40% of Americans don’t know how their investments are allocated; here’s help

Investing can be complex and difficult to understand, and most schools don’t teach the basics, like the importance of investing as early as possible and how compound interest works. And since many Americans are responsible for their own retirement savings, not knowing how and where to invest can be costly.

Forty-two percent of investors don’t know how their assets are allocated in their portfolios, according to a recent Prudential Investments’ retirement preparedness survey of more than 1,500 Americans aged 21 and older. Nearly three-quarters (74%) of pre-retirees said they should be doing more for their accounts, while 40% of participants said they just don’t know how to prepare for retirement.

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