In this insightful Investopedia article by Trina Paul, many millennials express concerns about relying on Social Security for their retirement. As I mentioned in the piece: "When I talk to young people, … they rely more on their own ability to fund their retirement because they’re worried that Social Security won't be there for them." This sentiment is becoming increasingly common, with many young people focusing on building personal wealth through other means, such as 401(k)s, IRAs, and investment accounts. This shift in thinking is an important factor in how we design financial plans, especially for younger clients. https://lnkd.in/ea87qDQx hashtag #RetirementPlanning hashtag #FinancialIndependence hashtag #MillennialMoney
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This weeks spotlight article in our weekly newsletter! Whether you are counting on it or not, Social Security is a conversion to be had for your retirement reality. Use my link here ( https://lnkd.in/eKuQbWts ) to have an introductory call where we can then set up a time to plan for Social Security or Not for Social Security as part of your overall financial goals leading up to retirement. https://lnkd.in/e-T6GHEM
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
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Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
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Financial advisor serving individual investors | Focusing on solutions for business owners, executives and retirees
Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
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Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
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Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
-
Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
-
Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
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Financial Services Representative @ MassMutual | Certified Family Business Specialist
Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
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Only 6% of Millennials expect Social Security to be their primary income in retirement, compared to 30% of Gen X and 56% of current retirees. With potential cuts by 2034, a diversified strategy is key. Are you ready for retirement without relying on Social Security? #RetirementPlanning #FinancialFreedom #SocialSecurity
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
investopedia.com
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Only 6% of millennial workers with 401(k) plans expect to rely on Social Security as their primary income source in retirement. Older generations expect to rely on Social Security more heavily—30% of Gen Xers who participate in a 401(k) say their main income source in retirement will be Social Security. Are you taking your retirement saving into your own hands?
Some Gen Xers Are Counting On Social Security—But Few Millennials Are
advisorstream.com
