FYI: A golden opportunity awaits children who are home for the holidays. Parents can’t help it. Their unsolicited advice just comes flooding out — like a dam has broken. Enter “Steve Butler — Retirement Planner,” whose traditional year-end advice, focused on young adults, just adds grist for the mill. So, listen up.
Anyone who has a job that offers a 401(k) should be contributing something even if they have school loans to pay back. If they are in the “gig economy,” they should start an IRA or a “Solo 401(k).” Saving at least something should never be a problem. There’s always a way to live more frugally. Make your own coffee and lunches, give home-made pies for presents like the Amish do — the habit of saving money can become a game. Do whatever it takes to set the stage for saving at least $100 a month or more.
Regards,
Ted
https://www.mercurynews.com/2017/12/28/advice-for-young-adults-on-investing-for-a-life-of-abundance-2/
