Study: Gen Y investors aren't planning for traditional retirement

04/17/2014 | Financial Advisor

Gen Y investors prefer liquid investments to traditional defined-contribution plans and aren't planning for traditional retirement, a study has found. The survey of investors born between 1982 and 1990 who have more than $100,000 in assets found that 74% of respondents have assets in online brokerage accounts, as opposed to 67% with assets in defined-contribution plans. The study recommends that advisers connect with Gen Y investors by talking about financial independence and short-term goals.

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