Millennials’ finances are already stretched by student loan debt and housing costs, but there’s another factor to consider: Compared with their parents, they may need to save much more of their income for retirement, according to a new NerdWallet analysis. A number of analysts predict that the slower growth of the U.S.
Stories Related to Study: Millennials May Have To Save 22% Of Yearly Income For Retirement If Market Returns Drop
Jonathan Todd, NerdWallet.com
Tue, 09/27/2016 - 2:00am
Topics: personal finance
BING NEWS:
- Five Ways to Catch Up on Retirement Savings
You've no doubt heard from multiple sources (including Kiplinger) that the key to retirement security is to save early and often ... And you can contribute to a Roth 401(k) regardless of your income ...
05/31/2024 - 1:00 pm | View Link - Millennials: In 10 Years, You’ll Wish You’d Made These 8 Financial Moves Today
Ten years from now, you’ll likely wish you’d made certain financial moves today. Luckily, experts say we don’t have to wait for hindsight. We can take advantage of their advice to set ourselves up for ...
05/31/2024 - 7:00 am | View Link - For some millennials, the reality of their retirement plans is that they're a fantasy
New data shows a significant gap with how much millennials expect they need to retire ($1.7 million) and what they've roughly saved so far ($63,000).
05/29/2024 - 12:50 am | View Link - How an Average Millennial Can Save $1.5 Million for Retirement (You Still Have Time)
Even if you don't have the average millennial's retirement savings of $62,600, you still have decades ahead of you to save and invest. See how.
05/22/2024 - 10:00 am | View Link - More
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