Retirement Calculators Popular Among Younger Retirement Planners
According to the
Gladych writes that “more than 60 percent of retirement plan participants under age 40 said they found online retirement calculators most helpful, compared to 51 percent of those age 41 to 50 and 41 percent of those over age 50.”
Retirement plan participants under age 40 also found mobile apps to be helpful, compared to only 12 percent of 40- to 50-year-olds, and only , with only seven percent of those over finding them useful.
In addition to using mobile and online technology to help prepare for retirement, Gladych reports that there is also a divide in which the different age groups read about financial advice. “Participants in the 20- to 30-year-old range are more than twice as likely to read about financial issues via blogs as 40- to 50-year-olds (20% vs. 9%). And 28% of the younger group of workers read about financial issues via social media. This compares to only 16 percent of 40- to 50-year-olds,” writes Gladych.
An innovative retirement planning method called Savings2Income (S2I) created by
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