What millennials are doing right — and wrong — about retirement

June 30, 2016 by Suzanne Woolley

(Bloomberg) — Millennials may be overly confident about their investing skills, but many are handling their 401(k)s with savvy, a new study by Wells Fargo Institutional Retirement & Trust suggests.

More than a quarter of younger workers — 28 percent — have at least 10 percent deducted from their paychecks, according to the study. It analyzed the behavior of 4 million employees in the plans the company administers, from 2011 to 2016. Among the older generations, 35 percent of Gen X-ers and 44 percent of boomers were at the 10 percent contribution mark. Click HERE to read more… LifeHealthPro articles are free to read via their website.

Originally Posted at LifeHealthPro on June 30, 2016 by Suzanne Woolley.