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Millennial Investing
Retirement planning: Millennials are stashing money away earlier than Gen Xers and Baby Boomers
Younger Americans get a bad reputation when it comes to managing their finances, but it turns out they’re stashing money away for retirement earlier than previous generations, according to a new Bank of America survey. Millennials – Americans between the ages of 24 and 41 – started saving for retirement at 24 on average, well before Generation Xers at…
Read MoreThe average American starts saving for retirement at this age
The sooner you start saving for retirement, the more opportunity you’ll have to build a solid nest egg without having to sacrifice too much on an ongoing basis. But data from Nationwide tells us that Americans are putting in roughly a decade in the workforce before giving their long-term savings a thought. The average American begins funding a…
Read MoreObservations from the Brink of Retirement
A retirement income specialist shares three important lessons he’s learned during his own financial and mental journey as he gets ready to dive into retirement. His personal insights could help guide your path as well. Planning for my own retirement has been interesting, as my day job is teaching financial advisers about retirement planning. At…
Read MoreI Killed My Teenager’s Fancy College Dreams. You Should, Too.
Forty-five million Americans owe a collective $1.6 trillion in student debt. Here’s why my daughter won’t be one of them. Photo illustration by Slate. Photos by Vasily Koloda on Unsplash, master1305/iStock/Getty Images Plus, and ayzek/iStock/Getty Images Plus. A couple months ago, my 17-year-old daughter’s guidance counselor called her into his office to ask pretty much…
Read MoreHow Companies Are Capitalizing On Tech To Reach A Generation
Even though they’re not widely viewed as being as “tech-savvy” as their Millennial offspring, Baby Boomers are embracing tech at a surprising rate. In fact, 73% of people over 60 use a smartphone. They’re using tech to get the most out of life, especially as they begin to retire. But Baby Boomers aren’t eager to spend their golden years in hospital beds…
Read MoreGen-Z Wants To Change The World—At Your Company
But are you up to the job? GETTY “In a gentle way, you can shake the world.” — Mahatma Gandhi Generation-Z is taking Mahatma Gandhi’s wisdom to heart—and their career choices are reflecting it. According to a recent study by Girls With Impact, fully 45% of Gen-Zers want to work for a company that makes a…
Read MoreI raised 2 successful CEOs and a doctor—here’s one of the biggest mistakes I see parents making
It’s rather strange to be a “famous” parent and have your family profiled on the cover of magazines. I certainly don’t claim all the credit for their successes, but all three have turned out to be accomplished, caring and capable people. Susan is the CEO of YouTube, Janet is a professor of pediatrics, and Anne…
Read MoreMillennials Want to Retire Too. Here’s How.
Yes, millennials have special challenges, but there’s a way. Here’s some tough-love advice on money and life for millennials from a CPA who is also a millennial himself well on his way to financial independence. Getty Images Millennials, such as myself, seem to be known the world over for our poor choices, efforts to alter…
Read MoreStop Crying About Millennials They Are Our Future, In Five Ways
Michael Gale ContributorThought LeadersContributor Group WSJ bestseller, A.I. influencer, podcast host about the world in 2030. Millennials. Has there been a generation so misunderstood or labeled with an almost constant negative tone? While you’re thinking about it, go ahead and include their younger peers from generation Alpha upwards as well. 2020 is the year Millennials…
Read MoreThis Dire Stock Market Warning Is ‘Fake News,’ Analysts Say
Worries of an ETF bubble persist even as exchange traded funds soar in popularity. But two ETF professionals say they have proof the biggest worries about ETFs are “fake news.” Do ETFs threaten the market’s structure by making it too easy to pile into — or bail out of — the same stocks or bonds at lightning…
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