Developing healthy money habits: 6 smart ways to improve your financial situation

1T. The Rove Price Retirement Savings and Spending Study (RSS) is an annual study conducted online since 2014. The study annually surveys approximately 3,000-4,000 participants who are currently contributing or eligible to contribute to a 401(k) plan and have a balance of at least $1,000. The survey also includes an additional 1,000–1,500 retirees who retired with an IRA rollover or with a balance left in the plan. The study investigates the attitudes and behaviors of plan participants and pensioners about savings. The 2021 RSS was conducted between June 9, 2021 and August 4, 2021 and included 3,844 plan participants and 1,332 retirees. The 2022 RSS was conducted between June 24, 2022 and July 22, 2022 and included 3,895 plan participants and 1,136 retirees.

2Investing through automated buying cannot ensure profit or protect against loss in a declining market. Because it implies continuous investment regardless of changing price levels, investors should consider their financial ability to continue buying through periods of both high and low price levels.

Important information

This material is provided for informational purposes only and is not intended to be investment advice or a recommendation to undertake any particular investment action.

This information is not intended to reflect a current or past recommendation regarding investments, investment strategies or account types; advice of any kind; or soliciting an offer to buy or sell securities or investment services. The opinions and comments provided do not take into account the investment objectives or financial situation of any particular investor or class of investors. Consider your circumstances before making an investment decision.

The information contained in this document is based on sources we believe to be reliable; however, we do not guarantee its accuracy.

The views contained herein are those of the author as of October 2022 and are subject to change without notice; these views may differ from those of other contributors to T. Rove Price. All investments are subject to market risk, including possible loss of principal. Diversification cannot ensure profit or protect against loss in a declining market.

Charts are shown for illustrative purposes only. All investments involve risk, including possible loss of principal.

See professional investment background on FINRA BrokerCheck.


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