Your browser does not support JavaScript
Retirement Planning for Millennials
Posted By:  Norm Falick
Thursday, January 26, 2017

If your career is just getting started, it may seem silly to start planning for its ending.  But early retirement planning is smart retirement planning.  Millennials (born between 1980 and 2000) are faced with higher debt and less chance of a pension or social security, so planning for the future can’t wait. 


Most Millennials procrastinate because they simply don’t know where to begin.  Even the smallest steps are beneficial, so start here:


·      Manage your expenses well.  Recent studies indicate that 42% of Millennials rely on payday loans to make ends meet.  If you’re behind, it’s hard to plan for the future.


·      Have an emergency fund.  Don’t be short on cash in case of the unexpected.


·      If your company has a 401k, participate.  Even better, compare it to an equity indexed universal life plan, and participate it whichever will provide more income after taxes.


·      Negotiate your salary.  Having a higher income gives you more money to save.  75% of employers could raise the starting salary by 5-10%.


Millennials are unlike their predecessors.  They’re much more like to start their own business than to invest in stocks.  They are entrepreneurial and tech-savvy.  The world needs to be prepared to be blown away by Millennials and Millennials need to prepare to blow away the world.


Blog Categories

  • Retirement
    • 01/26/2017 - Retirement Planning for Millen
    • 12/29/2016 - Happy Holidays!
    • 12/03/2016 - Where there’s a Will, there’s
    • 10/07/2016 - Smart Retirement Strategies fo
    • 09/08/2016 - Should You Use Savings to Pay
    • 08/04/2016 - How Much Income Do You Want fr
    • 07/14/2016 - Smart Retirement: Set Up a Liv
    • 06/15/2016 - Get Smart About Retirement

Tag Cloud

Norm Falick    Norm Falick has been a real estate broker and
founder of Camargo Realty, business owner and
founder of Prographics Printing, Series 7 Financial
Advisor at Merrill Lynch, and has been planning
retirements for over 20 years.


11999 Timberlake Drive
Cincinnati, OH 45249
Phone: (513) 604-6657