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Wednesday, August 27, 2008

Young Workers Aren't Good With Savings

Fidelity Investments released a survey that says half of Gen X and Gen Y workers said saving for retirement is an obligation or a goal, but 51 percent said other financial priorities prevent them from setting aside money. The survey also suggests that these two groups of workers will switch jobs around seven times and many of them cash out their 401(k)s when the change jobs. The survey says a whopping 56 percent cashed out their work place savings plans and 41 percent said they didn’t seek financial advice when changing jobs. Are you comfortable with the way your financial retirement is heading? Any questions you want our experts to answer?

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