As a member of the Forbes Finance Council, Casey submits articles for consideration to be published in Forbes. Howard Bailey pays an annual fee to be a member of the Council.

Every generation faces a different challenge when it comes to financial planning. Millennials in particular are faced with higher student loan debts due to rising tuition costs and an average higher cost of living than previous generations. One study showed that 34% of 24-to-35-year-olds have less than $1,000 in savings and only 15% have $10,000 or more.

Even if you haven't started thinking about retirement, it's never too late to plan out your financial future. Below, three financial experts from Forbes Financial Council weigh in on what they see the millennial generation experiencing at retirement age and how they would advise millennials to best position themselves now.