Retirement seems like a long time away for Gen Y, but it’s never too early to start saving. In fact, time is on your side right now and investing money in a retirement account will allow that money to grow at a much faster rate than it would if you kept it in a savings account. Why is saving for retirement so important? Let’s look at Baby Boomers as an example, since they’re at or approaching … [Read more...] about How Much Should You Be Saving for Retirement?
Archives for November 2015
Investing can get a bad rap thanks to the scary economic news we’ve heard in the past few years. Not to mention the two market downturns we’ve been through in the last two decades. Combine that with the downturn of the housing market that caused many millennials to witness their families lose homes or filing for bankruptcy, and it’s no wonder that Gen Y isn’t crazy about investing. In reality, … [Read more...] about 6 Things to Avoid When You’re a Gen Y Investor