5 myths about millennials and retirement

If you think millennials are a generation of young workers who can’t be bothered to save for retirement, think again. Fidelity Investments brought together four retirement plan sponsors from different industries and spent six months talking about how to encourage millennial employees to better understand, appreciate and take action in their retirement plans. The project uncovered the following five myths employers and their advisers should be aware of to better engage and empower their growing millennial workforces:

Reality: They know it is important, even though retirement is so far away. And, in fact, Fidelity says they face a new generational challenge in that many millennials are freelance workers who don’t have access to workplace savings plans.