Yahoo Finance: Why retirement realities are changing for future generations

Author: Chad Parks / 24 Oct 2019

What’s the best way for millenials to prepare for a financially secure future? Pay yourself first.

As Ubiquity CEO Chad Parks told Yahoo Finance, prioritizing personal retirement savings is more important than ever–particularly for younger workers who can’t count on Social Security or pensions to supplement their nest eggs.

 

 

A Wells Fargo study reveals today’s retirees are the last demographic to experience their golden years shaped by forces of the prior century. The survey notes 86% of today’s U.S. retirees are living primarily off their social security or pension, and younger generations are taking notice.

How much should you be saving for retirement? Check out Ubiquity’s 401(k) calculator.