Retirement planning should start now for financially beleaguered millennials
October 25, 2015 by Peggy Bresnick
Composed of those who are roughly ages 18 to early 30s, the millennial generation is generally curious, educated, technologically adept and socially conscious. With all its gifts, however, millennials are also living with the fallout from events like 9/11 and the Great Recession, which combine with rising costs of higher education to place them in a financially precarious situation.
According to the 15 Economic Facts about Millennials report from the White House’s Council of Economic Advisors, millennials will have to contend with the effects of beginning their careers during a historic downturn for years to come. Click HERE to read article….
…As reported in a recent USA Today article, the average age of the fixed-index annuity buyer in the first quarter of 2015 was 62, according to analytics firm Wink.