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The Millennial Mindset

…bat because another millennial at work told him “do it now, it’s worth it down the road.” Smart millennials! Millennials often face some significant financial challenges. They’re graduating with more student loan debt than any other generation. And, even though many of them say they…

Retaining Millennials in the Workplace: Boost Benefits

…them have done. Why do millennials change jobs so frequently? Millennials want opportunity – they want a career path and job enrichment. It’s also very important to millennials that they like and enjoy their job. I’ve seen this firsthand from the millennial generation at home…

Taming the Millennial Horse

…of course exceptions to every rule, but the first Pentegra Millennial Savings Survey conducted in 2017, while showing some surprisingly encouraging trends, also included some results that unfortunately back up the pervasive Millennial stereotype. To be fair, our findings did include some heartening signs. Over…

Attracting Millennials In Today’s Workplace

Millennials see their career trajectory and retirement differently than previous generations. Today’s growing workforce doesn’t fit traditional patterns, and it is clear that this generation will view retirement benefits from a less traditional perspective as well. Your credit union’s total rewards package is the key…

FIRE-d Up?

…gained momentum with an apparently growing number of Millennials. And that is because it basically boils down to saving as much money as you can now in order to take retirement early; a Millennial, after all, has more time to sock money away than someone…

Five Tips for Getting Smart About Retirement Right Now

…Early On Perhaps surprisingly, most millennials plan on working during their retirement. But no matter what your plans are, take advantage of compounding by starting to save as early as you can. People who started saving for retirement in their 20s are 66% more likely…

401(k)s and Student Loans – A Good Match?

Millennials are not the only cohort to have student loan debt, but they are the latest and the largest. According to the U.S. Federal Reserve, 44.7 million Americans (not all Millennials) owe $1.56 trillion in total student loan debt. One study showed that 69% of…

401(k)s and Student Loans – A Good Match?

Millennials are not the only cohort to have student loan debt, but they are the latest and the largest. According to the U.S. Federal Reserve, 44.7 million Americans (not all Millennials) owe $1.56 trillion in total student loan debt. One study showed that 69% of…

Emergency Savings Accounts May Change Mindset and Retirement Outcomes

…make further contributions, but retains the right to withdraw any accumulated account balance. ESAs are garnering a lot of attention among plan sponsors as well as employees, and the initial reaction is very favorable. When surveyed, 73 percent overall and 88 percent of Millennial participants…