Author Topic: I was hoping to read something positive in here, but this line made me so sad!  (Read 1796 times)

SpendyMcSpend

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"“I’ve had some conversations with a financial planner whom I’m about to officially hire,” she says. So far, Mignott has set up a Roth IRA and a 401(k) but also has her sights on investing in some startups."

https://www.usatoday.com/story/money/2017/07/05/young-investors-late-bloomer/103394004/

MrMoogle

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Why is that line sad?

This part I laughed at:
Quote
Most Americans are falling short of the savings needed to retire comfortably. Millennials like Mignott are no exception. According to a 2016 study by GoBanking Rates that looked at how Americans’ savings differ by life stage, 42% of Millennials indicated they have no retirement savings.
Half of millennials are under 27, so it's not a big surprise that many have no retirement savings.

Then again at this part:
Quote
For Millennials like Mignott who think they are late to the retirement-saving party, he offers this advice:

Take advantage of peak earning years. If you’re freaking out because you didn’t start investing when you were 21, rest assured. “If you are 30, 40, or even 45, you still have 20-25 years before you’re looking at retirement,” says Robertson.
By definition, there aren't millennials that are "40 or even 45."