Description: The article is about merrill edge login. The author highlights the survey results and educates viewers about their finances specifically as it relates to retirement. There are small actions Americans can take today to make a big impact down the road.
It’s no surprise that Americans nationwide are taking stock of their financial situation especially when it comes to retirement. Millennials are no exception. There was a new report that came out that revealed attitudes of Millennials about retirement.
What did that report show? It shows that the Millennials are more focused on a goal and a certain dollar amount before they retire versus getting to some career milestone or to a certain age that didn’t matter to them. What matters them most is that they want to reach their goal,they want to reach the amount of dollar that they need to retire and live the lifestyle that they want to live.
It redefines what this means for retirement,during our Merrill edge survey,we asked about what retirement mean to them and what they expect to do in retirement. Millennials gave us a lot of different answers,a few of them stood out to me.
One,they want to give back to their communities,they want to volunteer,they may want to start a small business,they want to spend more time with their family or travel the world,they have varied interests but the most interesting thing is that they’re focused on giving back during their second act.
It sounds like that Millennials are looking at retirement as a time of possibility to do new things,they want to travel and spend time with their families,the real question is how to save for that retirement. It’s important,you need to put a plan in place and revisit it often,many people will come in and they won’t have a plan to get to where they want to go. If you don’t have a plan,you won’t end up going anywhere. It’s important that you establish that,you need to revisit it often.
The second thing that’s important is that you need to work with an advisor that can help you along the way,you need to get a partner that can hold you accountable and make sure you stay on track. They need to help you navigate the investing waters. We need to get to that end result. Are there some small steps that we can start implementing now?
The sooner you do it,the better result you will get. The sooner you start saving,you have more time to retirement,it has a compounding effect,that’s important. If you have an employer-sponsored plan where you work,it’s important that you contribute to that.
You are benefiting from that contribution. If you’re over 50 and you haven’t saved as much as you should have,you can qualify for some catch-up contributions,you’ll need to visit with your tax advisor regarding that. If you are watching and is thinking of what you can do and where you can go for more information to get started,you can go to merrill edge.com.
Our site is very innovative,it has many good tools and resources for you and for your viewers. If they’re getting started or they’re very sophisticated,we have put streamlined investing together to help them. We are ready to help our clients and America get better at what we’re doing and how we think in defined retirement.
This is a great time to talk about retirement and prep for that. Is there anything else you would like to say to our viewers? I would encourage everyone to start saving now. I am looking forward to their contribution and their continued contribution to make this country great.