Younger workers shy away from traditional retirement plans

10/10/2011 | Denver Post, The

Some workers in the millennial generation, or those aged 16 to 31, see few benefits to saving for retirement with traditional long-term strategies such as 401(k) plans. Some cite market volatility and economic uncertainty. A recent survey by MFS Investment Management showed that Gen X and younger investors are turning to cash savings more than their baby boomer counterparts, which is the opposite of what many advisers suggest.

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Denver Post, The

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