Retirement Plan Participants Not Paying Enough Attention to Accounts
A significant majority of respondents to a Voya survey (80%) said they had not taken the time to review or revise their retirement plan within the past year.
If Millennials and Gen-Xers want a traditional retirement, they need to take action in the short term and plan for the uncertainties of the long term.
In order for two recent college graduates to have the same amount of money saved for retirement, the average man would need to save 10% of his salary,...
Researchers call it troubling that only about half of Millennials are taking advantage of the power of compound interest in building a secure financial future.