Newspaper Article Archive of
West Seattle Herald
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Newspaper Article Archive of
West Seattle Herald

January 5, 2017 Investment tips for “Millennials”
Article Pages -- as published on the West Seattle Herald website.

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ARTICLE DESCRIPTION:

Sponsored by Sarah Cecil

If you are a “millennial” – a member of the age cohort born anywhere from the early 1980s to the late 1990s – then you’re still in the early chapters of your career, so it may be a stretch for you to envision the end of it. But since you do have so many years until you retire, you’ve got the luxury of putting time on your side as you save and plan for retirement.

Here are some suggestions for making the best use of that time:

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Invest early – and often. Even if you are at the very beginning of your career, make investing a priority. At first, you might only be able to contribute a small amount each month, but something is far better than nothing – and after a year or so, you might be surprised at how much you’ve actually put away.

Take advantage of your employer’s retirement plan. If your employer offers a 401(k) or similar plan, contribute as much as you can afford. At the least, put in enough to earn your employer’s match, if one is offered. Your contributions can lower your taxable income, and your earnings can grow on a tax-deferred basis.

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