Millennials

In an episode of Financial Planning’s podcast, David Flores Wilson explains how his Gen-X and Millennial client base fueled his transition from investment banking.

The Social Security retirement rate is based on their highest 35 years of wage-indexed earnings.

The 70 million-strong cohort requires nothing less than constant technological innovation.

Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.

Female clients should start as early as possible and take advantage of the employer match, contributing at least 15% of their income.

With Portfolio Intelligent Income, the discount brokerage is shifting some of its focus toward clients ready to spend their investments.

In 90% of families, wealth disappears by the end of the third generation.

One tip for younger clients is to create multiple income streams that are subject to varying tax treatments.

Helping clients develop a solid investment strategy is an important step to help them survive market volatility.

Younger clients who adopt an overly conservative investment approach are advised to consider diversified, low-cost equity products to boost returns.

The discount brokerage sees the move as a way to attract younger, less affluent investors.

Younger clients are more savvy consumers who know how to minimize their expenses and are less inclined to spend on material goods, an expert says.

Around 40% blame their lack of preparation on housing costs, according to a report from TD Ameritrade.

Cases often go unreported because many times seniors are too embarrassed.

Investing in tax-advantaged accounts and automating contributions are a few strategies that could help.

Clients should think of the years as empty buckets and keep the amount of income into each bucket level per year.

Four erroneous beliefs cause many new planners to fail.

With millennial and Gen Z clients expected to have longer lives than their parents, securing an effective retirement horizon can have its challenges.

Pre-retirees expect their annual health-related expenses to top $7,000 once retired, however the actual cost can be much more.