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young investors increasingly favor exchange-traded funds for retirement savings

Young investors, particularly millennials and Gen Z, are increasingly turning to exchange-traded funds (ETFs) for their retirement accounts, with 81% and 75% ownership rates, respectively. The appeal lies in lower costs, tax efficiency, and the ability to trade throughout the day, unlike mutual funds. However, new investors should research their exposure and be aware of IRS wash sale rules that can affect tax loss benefits.
CNBC
United States Dollar Morningstar, Inc. Nasdaq USA John Healy Tommy Lucas Alison Hennessy Show more
Finance & Economy, Market Report
16:20 18.11.2024
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