2 Retirement Savings Tips Boomers and Gen X Should Learn From Millennials [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Yahoo! Finance
A new report from Morningstar revealed that the younger generations might be in better financial shape heading toward their golden years. In its Model of U.S. Retirement Outcomes , a report that analyzes whether different generations in the U.S. will have sufficient funds to retire, Morningstar found that: Forty-five percent of American households are projected to run out of money in retirement. Only 37% of Gen Z and 44% of millennials had retirement-fund shortfalls compared with 47% of Gen X and 52% of baby boomers. If you're a Gen Xer or baby boomer and you feel that you're not on track for retirement, it's not too late. These tips from Goldman Sachs' Retirement Survey and Insights Report will help you follow the younger generations' lead Earning passive income doesn't need to be difficult. You can start this week. Start Saving Money in a 401(k) or IRA Immediately Contributing money to a 401(k) or individual retirement account as early and as often as possible is crucia
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