Many millennials are seeing their salaries rise each year, but not seeing the same jump in their retirement savings. As pensions are being phased out, proper management of money becomes an absolute necessity to young workers hoping to retire one day. Over the broad time horizon from when a millennial begins earning money and when they will retire, millions of dollars are on the line.
Albert Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it, he who doesn’t, pays it.” Compound interest could be the tool that allows you to retire early and comfortably. That’s why Freedom Financial Asset Management created this millennial’s guide to retirement saving.
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