Broke Millennial author sends strong message on 401(k)s now
The personal finance author offers major advice on retirement savings.
Millennials face growing financial challenges that could jeopardize their ability to secure a comfortable retirement in the years ahead.
Skyrocketing expenses, sluggish wage growth, and evolving job markets make it increasingly difficult for this generation to accumulate adequate savings through conventional retirement options like 401(k) plans and Individual Retirement Accounts (IRAs).
Personal finance expert Erin Lowry, author of the Broke Millennial series, encourages her peers to begin contributing to employer-sponsored 401(k) plans and tax-advantaged IRAs as early as possible to build a solid financial foundation for the future.
