During your first few years out of college, many people have the excitement of starting a new career, purchasing a home, getting married and starting a family. But this is also a time that Millennials struggle to make ends meet. With most 20 somethings making less than their parents did starting out and paying high levels of student loan debt down, only 1/3 of Millennials are able to contribute for their retirement in qualified investments accounts that are appropriately allocated for their risk profile, investment objectives and time horizon.
For now, time is on our side. But it isn’t for long. Most people who start financial planning in their 20s are more likely to achieve financial security than people who wait. Starting now, being aggressive and avoiding high fees can be essential for 20s financial planning.
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.