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Retirement for Millennials [Infographic]

It may seem like a long way off, but it’s never too soon for millennials to start saving for retirement.

 

The forecast for millennials isn’t favorable. One study says they will have to save about half their paycheck to retire comfortably.

 

Millennials today have challenges finding employment due to the increased automation of jobs and additional competition from the internet. The questions surrounding the future of government programs like Medicare and Medicaid also factor into millennial anxiety.

 

Instead of worrying, it’s time to start planning. There are some key things to do to secure your retirement right now.

 

The infographic below will help you decide:

 

  • How much to save right now
  • How much to save in the long run
  • How much to save for an emergency fund

 

Check out our infographic below to learn more about millennials and retirement. If you need to talk over your options, contact us at Cadence Bank. We’ll walk you through your various scenarios to help you plan for your best retirement. Contact a Cadence Bank expert today.

 

 

Download the infographic.

 

Retirement for Millennials [Infographic]

 

 

This infographic is provided as a free service to you and is for general informational purposes only. Cadence Bank makes no representations or warranties as to the accuracy, completeness or timeliness of the content in the infographic. The infographic is not intended to provide legal, accounting or tax advice and should not be relied upon for such purposes.

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