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Most Millennials Have Appropriate Allocations
This is despite having lived through two bear markets
Tag: Millennials
Millennials Not Confident About Making Investing Decisions
They are also not interested in robo advisers, preferring to work with financial professionals in person.
Millennials Save More in ETFs and Cash
A Charles Schwab SDBA report says the group allocated to ETFs and saved cash at a higher rate than other generations.
Young Investors Overly Confident About Retirement
Nearly sixty percent have taken an early withdrawal from their retirement account.
Millennials Open to Investment Advice and Help Planning for Retirement
Asked what they look for in an adviser, Millennials say experience, followed by someone with similar demographic qualities as themselves.
LendEDU Says Millennial Spending Habits Won’t Impede Retirement Savings
The average Millennial spends over $30 on coffee per month, but will also, on average, save $480 for retirement in the same time frame.
Intro
Best Interest in Mind
Plan sponsors are likely to ensure that advisers are keeping participants' best interests in mind when recommending rollovers, even though the fiduciary rule has been vacated.
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.
Millennials Better Prepared for Retirement than Their Parents
More than half have set specific retirement goals, J.D. Power learned in a survey
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.
Fear Keeps Millennial Women from Investing in the Markets
However, they are very responsible with their budgets, with 53% having an emergency fund
Millennials Doubt Happy Retirement Will Exist
The majority believe they will have to work much longer than previous generations, Prudential learned in a survey