10 min
Do Millennials Need to Worry About a Retirement Magic Number Yet? Financially Well
-
- Investing
Millennials continue to hear about how much they should save for retirement each year. And they continue to hear what they "should" have in savings at each age milestone, including a hypothetical retirement magic number.
In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why savings projections are highly dependent on so many factors outside of our generation's control.
And instead, Kevin explains, Millennials are most likely to build and maintain savings momentum if they reduce their emphasis on certainty and specifics.
Welcome to Financially Well, the finance podcast for Millennials.
Millennials continue to hear about how much they should save for retirement each year. And they continue to hear what they "should" have in savings at each age milestone, including a hypothetical retirement magic number.
In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why savings projections are highly dependent on so many factors outside of our generation's control.
And instead, Kevin explains, Millennials are most likely to build and maintain savings momentum if they reduce their emphasis on certainty and specifics.
Welcome to Financially Well, the finance podcast for Millennials.
10 min