Summerlin Benefits Consulting Q&AAnswer
Oct 17, 2024 - 10:40 AM
Retirement planning is crucial for younger generations because they've seen their parents’ retirement struggles, shaped by financial crises and rising living costs. As a result, Gen Z values employer retirement benefits, with 65% unwilling to accept a job without a 401(k) or similar plan. Many don’t envision a traditional retirement but instead hope to pursue passion projects or start businesses. They’re also looking for safer investment options, like Fixed Index Annuities (FIAs), to protect their future income amidst market volatility. Starting retirement planning early helps build financial security and offers peace of mind in an uncertain economy.
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