The Millennial generation sometimes appears conflicted. They voted for Obama but would rather pay the penalty and not participate in Obamacare. Many Millennials love the socialism of Bernie Sanders but are as materialistic as their Baby Boomer parents. The Millennial generation believes in pro-government programs, but they also believe they will receive little to nothing from Social Security. The Millennial generation is just now discovering that they are going to be saddled with the 20 trillion dollar burden their parents racked up over the last generation and are coming to the conclusion that they are going into retirement all on their own. In the 2015 LIMRA Secure Retirement Institute Study, 70% of Millennials don’t know what funding vehicle to use for retirement. Most just follow the same retirement methods of their Baby Boomer parents. 40% of Millennials save only 10% of their income. And that’s not necessarily targeted for retirement. Keep in mind with Millennial tuition debt exceeding one trillion, most can’t secure a mortgage with that kind of debt, much less think about a retirement plan 30 to 40 years from now. And that’s because they’re living in the now and the present presents its own monetary problems. The   Read more…