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How advisers can get Gen Yers to take some risk
(By - Jamie Hopkins, Investment News)
Young investors’ conservative investing mindset will work against them in saving for retirement
Generation Y (age 18-34) is very concerned about the future of Social Security and has a strong desire for other sources of guaranteed income, such as annuities, to provide secure monthly income in retirement.
That’s according to a new study released by TIAA-CREF that included seven questions on retirement. The survey polled roughly 1,000 respondents, age 18 and older. Read more…
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