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Here’s what it took to help my millennial colleague plan for her billion dollar nest egg
I’m a curious person, so I pushed my millennial colleague Jessa into the next cube and asked her, “Pssst … How much are you saving for retirement each year?” Rather than ignore me, she covertly beat me off her financial records (it was like a giant ice cream sundae for a financial geek): * Jessa, at age 28, still owes $ 15,000 in student loans, and her husband , who is 30, still owes $ 20,000. * They owe $ 12,000 on their car loans. * Jessa and her husband have a $ 200,000 mortgage. * She is currently saving $ 0 for her retirement plan. (Sorry, but that’s not enough, buddy.) * She and her husband need help from Facet Wealth – a virtual full-service financial planning service with dedicated, certified financial planners. According to a Bank of America survey, a surprising 16% of millennials between the ages of 24 and 38 have now saved at least $ 100,000 to retire. That is …
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