What does the financial future of Millennials look like? Does it look like a glass of our favorite Rosé or does it look like that half an avocado your forgot in the fridge? We are a generation with mountains of student loan debt, high unemployment for our age group and stagnant wages at the start[…]
In the past year, I have seen a number of troubling statistics about Millennials not investing in the stock market. One study said 60% of Millennials aren’t investing and another said 80%. No matter which number, that percentage is too high. That is an incredibly large portion of the population that is not participating in[…]
Many Millennials are delaying traditional life milestones that 20- and 30-somethings in the past would have already achieved such as getting married, buying a house or starting a family. We have a lot on our plates trying to achieve our goals of paying off student loans, saving for retirement or starting a business. Believe me,[…]
You are crushing it in your career and have found love! Mazel Tov! You and your partner have decided to make it official and tie the knot. Now what? I’m not going to give you any wedding planning tips because Heather ran that show. However, I can share some advice on financial planning topics to address[…]
First comes love…or does it? A lot of Millennials I know actually are putting career before love. I get it. Especially in a city like New York, I find so many Millennials that are incredibly driven and focused on crushing it in the business world. The entrepreneur mentality means that we become enveloped in our[…]
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[…]
I have a question for you Millennials: Did your parents talk to you about personal finance growing up? Have they talked to you recently about their financial plans for the future? The answer is probably not. However now is the time to have that conversation because an estimated $30 trillion in assets will pass down[…]
Remember the stock market crash of 2008? My bad for bringing up ugly memories, but, hey, it hit us all pretty hard. For many, the first thought was “Sell! Sell! Sell!” however if you had a good (and sane) financial advisor they probably told you this: Don’t panic! Our financial climate is constantly changing, and[…]
The statistics about student debt are staggering. 70% of 2016 college graduates had student loan debt. Americans owe a total of $1.3 trillion in student loans. We have talked about it before but when so many Millennials are affected, the impact on achieving goals can be substantial. However, I’m not here to be the party[…]
I hear someone is expecting a baby! That’s just the best news, isn’t it? There’s nothing quite like being a parent and all the fear, stress, joy and excitement it brings. Believe it or not, I’m not just NYC’s Financial Advisor for Millennials, I’m a parent, too. If you’ve got multiple kids, you’re likely already[…]