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Stock impact report

Wells Fargo/Gallup Survey: If Tax-Deferred Saving in a 401(k) Is Eliminated, Nearly Half of U.S. Investors Would Save Less or Stop Saving

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Business Wire
Investor optimism at 17-year high; nearly half of non-retired investors don’t have retirement savings “number” SAN FRANCISCO--(BUSINESS WIRE)-- The Wells Fargo/Gallup Investor and Retirement Optimism Index held steady in the fourth quarter at +140, statistically unchanged from +138 in the third quarter. The index is near its September 2000 high of +147. Three-quarters of non-retired investors in the survey have a 401(k) plan, and more than half – 57 percent – say the most valued feature of their plan is the “match contribution from their employer.” The next most valued feature is the tax deferral on the money they contribute, which was noted by 33 percent. Forty-six percent say they would “save less” or “stop saving” in their 401(k) if the tax deferred status of their plan was taken away, whereas 42 percent say they would “save the same amount.” The survey was conducted by telephone with 1,015 U.S. inves Show less Read more
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