Here’s what it took to help my millennial coworker plan his million dollar nest egg
I’m a curious person, so I nudged my millennial colleague, Jessa, in the next cube, and asked her, “Pssst… How much are you saving for retirement per year?” Instead of ignoring me, she stealthily let me go of her financial details (it was like a giant ice cream sundae for a finance nerd): * Jessa, at 28, still owes $ 15,000 in student loans, and her husband, who is 30, still owes $ 20,000. * They owe $ 12,000 on their auto loans. * Jessa and her husband have a mortgage of $ 200,000. * She is currently saving $ 0 for her pension plan. (Sorry, but that’s not enough, my friend.) * She and her husband need the help of Facet Wealth – a full-service virtual financial planning service with dedicated certified financial planners. Bank of America, a surprising 16% of Millennials between the ages of 24 and 38 now have at least $ 100,000 in savings for retirement. It is…
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