I recently had the chance to speak with U.S. News & World Report about how “Older Investors Can Learn a Lot From Millennials.”
In this piece, the reporter explains how younger investors prioritize retirement savings by being fee-conscious and taking calculated risks. A quote is below, and the article can be found in its entirety here:
"Retirements savings have high priority. Their own financial experiences and those of previous generations underscore the need for millennials to take the reins of their investments. Older investors, however, may veer off-course when saving for retirement conflicts with other financial obligations, says Jessie Weiss, certified financial planner and wealth manager at Plancorp in St. Louis.
These investors may be paying for private-school or college tuition for their children. In some cases, they're helping with rent and living expenses for adult children. Meanwhile, "these extra expenses could derail their retirement goals," Weiss says. Putting retirement ahead of secondary goals, like your child's education, may seem selfish, but it's necessary for building wealth."
