Retirement Plans a Big Source of Mutual Fund Investing for Millennials
By comparison, the majority of mutual fund investing for Baby Boomers is outside of an employer-sponsored retirement plan, Investment Company...
Tag: Millennials
Many Participants in the Dark on Their Allocations
Twenty-two percent do not know how their assets are invested, Legg Mason found in a survey.
Millennials Say They Find Financial Planning ‘Exciting’
However, 82% of Millennials say their financial planning needs improvement.
Millennials Need More Investing Confidence
Only 21% of non-investing Millennials and Millennials with only retirement accounts are very or extremely confident about making investment decisions.
Millennials Add More to ETFs than Other Generations
A Charles Schwab self-directed brokerage account (SDBA) report found that Gen Xers and Baby Boomers allocated less to their exchange-traded...
Young Investors May Be Too Confident About Retirement
And they generally think they will need to save half of what Baby Boomers think is needed to retire comfortably.
LendEDU Suggests Millennial Spending Habits Won’t Harm Their Retirement
While 27% of Millennial Americans allocate more cash towards coffee than retirement savings, most save an average of $480 per...
TDFs Get Millennials on the Right Track
Most Millennials are appropriately invested, with 90% of their portfolios in equities.
Millennials Seek Out Advisers They Can Trust
They also value financial planning more than a bonus.
Millennials Need Urging to Invest in the Market
Ryan Bailey, head of the Retail Banking Group, Bank of the West, offers tips for plan sponsors to help educate...
Male Millennials Have 34% More Saved Than Their Female Counterparts
The women are also far more risk-averse, PNC Investments learned in a survey.
Millennials Say They Are Savers
But, TD Ameritrade finds only 38% are saving for retirement.
Millennials Preparing for Retirement Better Than Other Generations Did
More than one-quarter of Millennials have more than $100,000 in retirement savings, with an average of 30 to 35 years...
Millennials Foresee No Such Thing as a Comfortable Retirement
Seventy-nine percent believe that by the age of 80, a comfortable retirement will be a thing of the past, and...
Millennials Need Help to Save Adequately for Retirement
A report from the National Institute on Retirement Security shows that 66.2% of working Millennials have nothing saved for retirement.
How to Help Different Generations With Retirement Savings Challenges
Employees of different generations have different needs when it comes to planning and saving for retirement.
Millennials Doing a Good Job of Saving for Retirement
Nearly six in ten believe saving for retirement is a basic necessity, like food or housing, a survey from Allianz...
Millennials Face Many Challenges in Preparing for Adequate Retirement
However, researchers say their outcome could possibly improve, given the fact that they still have a long time horizon to...
Millennials Want Employer Help With Financial Matters
Forty-three percent of Millennials say they need help managing saving for retirement, while 40% want help with good general savings...
Workers Will Sacrifice Benefits for Student Loan Repayment Options
One-third would sacrifice retirement benefits.