Will Millennials Ever Get To Retire?
A recent story from CNN is taking the financial world by storm this month. According to a new report from the National Institute on Retirement Security, 66% of millennials have absolutely nothing saved for retirement.
The report goes even further by stating that only 5% of working Millennials are saving adequately for retirement which is a huge problem facing this generation is Millennials face a higher life expectancy, lower income replacement from Social Security, and are less likely to have a traditional defined benefit pension than the generation prior.
So What Can You Do To Prepare For Retirement?
North Star Credit Union is here to tell you it’s not too late to start saving for your retirement. We offer multiple Individual Retirement Accounts (IRAs) for you to get ahead of the game.
IRAs are accounts that allow you to save for retirement with tax-free growth.
We believe that retirement should be a time to relax and we want to help you by making sure you have the amount of money you need when you need it. How do we do that you ask?
Here at North Star, we offer:
- Traditional IRAs
- Roth IRAs
- IRA Certificates
- IRA Savings
You can learn more about these options by checking out our website or by contacting a member service representative to help navigate you through this process. We promise we make it easy, so you can leave knowing that your financial future is bright.