Wealthy Millennials vs. Average Millennials

I came across an interesting article on MagnifyMoney.com titled “Where the Wealthiest Millennials Stash Their Money” that compared the top 25% of Millennial households with Average Millennial households. It compared things like how each group invests money, how their financial assets are structured and how their debts are structured. And like any good Millennial, I wanted[…]

Does retirement mean downsizing? It's one of your choices.

Where Are You Going to Live in Retirement?

A lot of this blog is focused on issues that Millennials themselves are facing, but this week I want to share some thoughts for my Boomers. (Millennials, this is a good post to send to your parents if they are nearing retirement). If you are already retired or nearing retirement, the choice of where to[…]

Self-employed Millennials still need to save for retirement. Check out some of your options.

How Self-Employed Hustlers Can Save for Retirement

Self-employed Millennials know that there are lots of perks to being your own boss.  You can make your own hours, set your dress code and decide where and when you will work.  But the down stroke is that you don’t get some of the benefits of a typical workplace such as health care, insurance or,[…]

Millennials are saving more for retirement, however there is room for improvement.

Good News, Bad News: Retirement Savings Edition

Good News Millennials, I have good news for you! Studies are showing that we are better at tracking expenses and sticking to a budget than Baby Boomers. This is what I like to hear. More of you are saving for your future which I think can be attributed to an improving job environment and strong entrepreneurial[…]

Are target-date funds the right investment for your retirement? It depends on your goals, time horizon and risk tolerance.

Are Target-Date Funds Right for You?

Target-date funds is a phrase you may come across when looking at investment options in a 401(k), 403(b) or other type of defined contribution retirement plan. The media loves to talk about them as well. In fact, according to Morningstar, there is over $750 billion invested in target-date funds. But do you know what a[…]

Can Millennials retire like their boomer grandparents? Social Security and the Market may be a factor.

Can I Achieve Financial Independence?

I know this question isn’t probably top of mind for Millennials. Do you even know what “financial independence” means or looks like for you? Let me give you an idea. Financial independence is the new term for retirement because for many of us, it doesn’t mean playing bridge or golfing every day in sunny Florida.[…]

Good Morning America & The Fiduciary Standard

Greetings, readers. The air has become crisper and the temperature milder here in the Big Apple. With the summer officially behind us, I expect the fourth quarter to be very exciting, both personally and professionally. But tonight, let’s keep it professional. On Monday morning (9/28), you can catch me on Good Morning America in the[…]

Quoted in CNBC.com – Millennial IRA contributions are growing

It’s great to see that millennials are increasing their retirement savings. When CNBC asked me if I was shocked that the percentage of millennials making contributions to their IRA was 26% higher in the first quarter of 2015 than during the same period a year ago, how could I say I wasn’t? Even though I was[…]

Quoted in CNBC.com – How to prioritize retirement savings? Try these 3 steps

The press train keep moving along with a great feature on CNBC.com. This week I chime in on retirement savings. I always hear the debate about which form of retirement savings is best. Is it Traditional or Roth? Now, before anyone gets strong feelings about either one (that’s right calm down people) let’s recognize that[…]