Comments on: 3 Retirement Planning Priorities for Millennials

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 08 Jan 2015 01:52:05 +0000

mycareercrusade That sounds like a great life, Jef! I have no doubt you’ll succeed!

By: mycareercrusade

mycareercrusade — Wed, 07 Jan 2015 22:25:34 +0000

Cheers for the excitement in that feedback there DC! I’ve actually been thinking about it over the past couple of days and it will really mean that I can work 3 or 4 days a week, splitting between coaching and running a not for profit and then spending the rest of the time on fitness, with friends/family and learning :)
Give me a few years and I’ll get there, by that stage you’ll be taking over Dave Ramsey ;)!

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 07 Jan 2015 17:27:35 +0000

BeckyBierbrodt Yes, people in their 20s can vary greatly as far as how much time and effort they’ve put into their retirement planning (or whether they’ve even started). I think it’s awesome you have 7 years of 5% contributions under your belt, and I’m sure you are happy with the balance you are seeing in your 401k account!

By: BeckyBierbrodt

BeckyBierbrodt — Wed, 07 Jan 2015 12:30:50 +0000

I am currently 28 and have been putting 5% of my income into a 401k since I was 21. I never really paid much attention to it until recently when I became more focused on my finances. On the other hand, my husband is 30 and has no retirement savings whatsoever. I guess we are on opposite sides of the millenial spectrum, lol. I think most people my age don’t really think about the future, they are just trying to get by and enjoy life. We are currently focused on paying off my husband’s student loans and our truck, but after that, I hope to put more into my 401k and work on getting my husband to set up a Roth IRA or something.

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 07 Jan 2015 02:39:30 +0000

Jason @ The Butler Journal Thanks for sharing your thoughts, Jason, and for being honest. I think everyone wishes they had done something earlier, but learning from the past and adjusting future choices is the best we can do.

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 07 Jan 2015 02:38:38 +0000

taylorqlee That’s a good point, and something I’m personally struggling with recently. I am about to start studying for the GMAT but the cost of an MBA is pretty huge. With that being said, the obvious goal would be to leverage an MBA for higher pay. The potential ROI is huge.

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 07 Jan 2015 02:37:43 +0000

mycareercrusade Financial freedom is a great goal! I think people should start thinking of retirement in those terms. Having the option to retire is a HUGE benefit from a career/work perspective because you literally have nothing to lose. You can take more risks at work and pursue opportunities you otherwise would not be able to.