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7 Retirement Facts Millennials Need to Understand
Will millennials ever be able to retire? That depends on who you ask. Some reports on young people’s retirement readiness are all doom and gloom. A 2015 UBS Investor Watch report found that millennials are the “least likely to plan ahead, focus on the long term, stay calm during volatility, and avoid herd mentality.” Many have limited knowledge of key financial concepts and are more likely to keep a lot of their money in “safe” investments like cash, both of which could make it harder to save enough money to one day retire. Read more…
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