Retirement Planning For Millennials
Millennials face a lot of financial challenges, particularly in financial planning. Most of these young working individuals are focused on gaining life experiences that acquiring physical things, especially when it comes to spending. Many of them invest in their travels than save money for their first home. Moreover, many millennials are not so focused on the future, especially when it comes to their retirement. Below, however, are some practice tips for millennials so they can start planning for retirement, even if it seems farfetched. Image source: si.wsj.net Keep a savings-only account Financial security happens when one plans ahead—not just for short-term goals, but for retirement as well. When they set aside a portion of their paycheck for savings, they will learn how to prioritize their money. Seek financial advice Seeking advice from financial professionals will help millennials know where to invest their money, be it in stocks, mutual funds, or oth...
