Retirement Advice for Young Adults

One thing not often taught in schools is how to manage money and prepare for retirement.

Many students, whether they attend college or go straight into the workforce after high school, don’t grasp the importance of saving for later in life and are waiting too long to start stashing away money for retirement. When we start working with younger clients, these are the sort of things about which we have conversations…

Begin to build a nest egg to ensure the financial security of their families.

Technology can’t replace the human touch. For all the conveniences that technology provides us, it still can’t replace the experience of a connection with another person. An experienced personal financial adviser can ask the right questions, provide ongoing guidance, and be an important resource for those who want to plan for retirement. A computerized adviser or even a live adviser supporting an automated advisory service often doesn’t deliver the same depth of advice or relationship.

Don’t give up too quickly. Let time be your ally. Investing in the stock market with retirement savings can feel like a roller coaster ride. There will be plenty of ups and downs, but the descent is no time to jump off, even if you do get jittery. Market history suggests that eventually things may work out, if you allow enough time.