|Donald Jay Korn|
Gen X, Y and Z investors may years from retirement but they already have multiple concerns about their future finances.
This litany indicates that Gen X, Y, and Z are concerned about cash flow once they start working. Rising taxes might take a bite; any cuts in
Sixteen percent of investors expect to receive full
Of the survey respondents anticipating reduced or no
To raise the necessary cash, working longer may or may not be an option but saving and investing more is often indicated. “One of the perennial lessons younger investors can learn from current retirees is to save at least 15% of their earnings and begin as early as possible,” Ritter stated. “The ones who do are the ones more likely to enjoy the retirement flexibility and lifestyle that financial independence can provide.”
|Copyright:||(c) 2012 Financial Planning. All rights Reserved.|
|Source:||Source Media, Inc.|