Did you know that nearly one in three people between the ages of 18 and 34 – millennials – have no money saved for retirement, and one in four report owing more money than they have currently saved. That’s what this week’s article stated, along with writing that according to the same survey, 52% of millennials “showed interest in products like fixed indexed annuities that provide guaranteed lifetime income while ensuring the principal investment is never lost.” I wonder if that is because millennials realize that they need to preserve whatever they do end up saving. What are your thoughts? We look forward to hearing from you and are always here to talk about your savings strategies for feeling good about your retirement.
