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It’s Never Too Early: When to Start Saving for Retirement Read
Despite uncertainty in a still tough economic climate, Gen Y is optimistic about having a financially secured retirement life. Millennials joined the job market when the economy is shaky and unemployment is on a high. As if that’s not enough, pension plans have become scarce, price hikes have caused a dent in saving and the debt burden has shot up. While the gloominess lingers around, the optimism of Gen Y in a secure financial future still prevails. According to recent survey by Ameritrade Holding Corp, more than 50% of the Millennials plan to retire on time. However, plenty of them haven’t even started saving, have stopped saving, or are getting in more debt….
Many young adults today believe that saving for retirement years means giving up on luxuries and a comfortable lifestyle. However, having a focused goal and budget for everything from the income you take home each month can make things easier….Once you’ve realized that you don’t want to end up in a financial rut during retirement years, it’s time to take action. Here are some ways how you can start saving for retirement: Read More…