Search results for: Millennials
Most Millennials Have Appropriate Allocations
This is despite having lived through two bear markets.
Millennials Value Financial Planning as Much as a Bonus
They also believe having an adviser they can trust is important for their financial confidence.
Millennials Reluctant to Invest in the Market
However, there are things retirement plan advisers and sponsors can do to encourage them to take on more risk.
Millennials Benefiting from Retirement Plan Modernization
They are on track to replace 75% of their income, compared to 64% for Americans overall.
Gen X, Millennials May Have Misguided Retirement Expectations
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income,...
Female Millennials Have 34% Less Saved Than Their Male Counterparts
The women are also far more risk-averse, PNC Investments learned in a survey.
Millennials Expect to Retire at Age 56
Fifty-three percent expect to become millionaires, TD Ameritrade found in a survey.
Reported Gifts to Grads Indicates Millennials Understand Financial Issues Facing Them
Millennials are more likely than Gen Xers or Baby Boomers to give the gift of help with financial obligations, such as student loan payments and bills; financial education...
Millennials Better Prepared for Retirement than Their Parents
More than half have set specific retirement goals, J.D. Power learned in a survey
Millennials Increasingly Embrace Roth and Traditional IRAs
The percentage of people who contributed to their Fidelity IRA in Q1 2018 increased 14% over a year ago; among Millennials, IRA contributions increased even more.
RIAs Predict 41% of New Clients Will Be Gen X, Millennials by 2023
This will mean shifting their current focus from Baby Boomers, TD Ameritrade learned in a survey.
Millennials Learned to Save, But Not How to Invest
Half of Millennials expect to retire with financial stability, although most admit they do not know how to successfully invest, PNC Investments found in a survey.
Millennials Doubt Happy Retirement Will Exist
The majority believe they will have to work much longer than previous generations, Prudential learned in a survey
Stranded Retirement Accounts a Bigger Problem Among Low Income and Millennials
According to a study report, the strongest predictor of an account not being lost was the respondent’s knowledge of how to contact the company holding the account; accounts...
Two Thirds of Millennials Have No Retirement Savings
Only one-third are participating in their retirement plan
Many Millennials Saving More for Retirement Than Other Generations
However, their fear of investing in the stock market could hurt their outcomes, a survey reveals.
Millennials’ Retirement Prospects Are Challenging
They earn less than older generations, are less likely to participate in a retirement plan, and will have to contend with longer life spans and rising health care...
Millennials Could Fare Worse in Retirement Than Older Generations
The Center for Retirement Research projects that 40% of those born between 1976 and 1985 will be unable to replace 75% of the income they received between the...
Recession Has Had a Major Influence on Millennials
Nearly one in four say they would be willing to save more than 50% of their paycheck to have more money in the long run.
Millennials Are Focused on Achieving Financial Goals
Despite sometimes being thought of as “slackers,” data shows the Millennial generation is more financially responsible than other generations give them credit for.