In the Piggy Bank: Generations X and Y May Not be Ready for Retirement (Forbes)

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Saving for retirement can be scary  — especially if you don’t know where to start. Since retirement can be an emotionally and financially stressful issue, it’s not surprising that many people in the prime of their working years avoid thinking about it. But ignoring the necessity of saving may leave Generations X and Y ill-prepared for the future.

A new study by market research firm Greenwald & Associates shows that while most Generation Xers and Yers are concerned about saving for retirement, fewer than half of them feel confident that they will meet their savings goals. Financial planners offering tips on how to save suggest starting with small contributions each month, taking advantage of employer matches, and meeting with a financial advisor. Read the Forbes article here.

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