Only 50% of respondents said they were confident in their knowledge of how much they need to save for retirement, which underscores the need for financial advice.
Estimated reading time: 0 minutes, 21 seconds
Many Millennials Have Financial Plans, But Lack Confidence in Retirement Savings
In a recent study for the Nationwide Retirement Institute, 64% of millennials, or those aged 18 to 35, said they have financial plans. Yet, 68% said they aren’t investing sufficient assets to achieve the type of retirement they envision. So reports insurancenewsnet.
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