Reported about 1 month ago
A recent study by Fidelity reveals that millennials and Gen Z are lagging in their retirement savings, with average 401(k) balances significantly lower than older generations. Experts suggest that younger workers focus on building emergency savings, eliminating high-interest debt, and maximizing retirement contributions. The acronym S.T.A.S.H. emphasizes saving smartly and having fun while planning for the future. The article also addresses common questions about retirement accounts, including Roth IRA conversions and withdrawal rules.
Source: YAHOO