Financial Planning for Young Adults

Talking to you here, Millennials. Here are four tips to prosper in the coming years.

Recent research shows the demographic wave of 75 million Americans born between 1980 and 2000 will surpass the number of baby boomers this year, making Millennials the nation’s largest generation ever.

Millennials are often described as diverse, educated and tech-savvy, with big career goals and an optimistic outlook. When it comes to finances, however, this generation appears averse to risk – maybe because many of these young professionals came of age during the Great Recession. Some feel unable to purchase a house, or fear they won’t be able to retire until much later in life than their parents. In too many cases, these young adults have staggering college loan debt.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Taylor Schulte, CFP
Founder and CEO, Define Financial

Taylor Schulte, CFP®, is founder and CEO of Define Financial, a fee-only wealth management firm in San Diego. In addition, Schulte hosts The Stay Wealthy Retirement Podcast, teaching people how to reduce taxes, invest smarter, and make work optional. He has been recognized as a top 40 Under 40 adviser by InvestmentNews and one of the top 100 most influential advisers by Investopedia.