Hello my name is Chad Taylor, Managing Partner with MDT Financial Advisors here in Houston, TX.
How will you spend the last third of your life? Will you continue to work in your current job? Start a business? Volunteer your time? Spend more time with family and friends? Travel the world? Many retirees are living longer, healthier, and more active lives, but there are challenges to living the life you imagine . No matter your age, reaching your retirement goals means planning for them now . It is important to compare the costs associated with the lifestyle you imagine to the income you expect from all sources during retirement .
The Wells Fargo Investment Institute recently prepared a report titled, Reimaginging Retirement. In this report, we explore how each generational cohort in the workforce today—baby boomers, Generation Xers, and millennials—is approaching retirement and how today’s trends are redefining retirement in the 21st century.
How does each generation expects to fund its retirement?
Millennials and Generation Xers expect 401(k)s and IRAs to be the primary source of funds for their monthly expenses in retirement, compared with baby boomers who say Social Security will be/is their main source of funds .
If you would like this 16 page report please me at [email protected]
and we would be glad to send you a copy. Thanks you and have a great day.