6 Retirement Wealth Strategies to Start Young, Finish Strong

To build a nest egg that will see you through retirement, it helps to start young. Here are six steps to get going.

A man rips his shirt open to reveal a a piggy bank emblazoned on his chest.
(Image credit: Getty Images)

Editor’s note: This is Part 3 of a four-part series “Financial Advice I Would Give My Younger Self,”  as a wealth strategist looks back at what she knows now that she wishes she’d known back then. For more, please read: Part 1: The Best Ways to Pay for College and Part 2: From Prenups to Pregnancy and Part 4: Caring for Aging Parents Takes Planning Ahead and Patience.

When you are just starting off, it is hard to envision retirement.  I remember earlier on in my career, before I got into wealth management myself, my financial adviser insisted on doing a financial plan for me and my husband that had us set retirement goals.  I was resistant because with so many unknowns and such a long time horizon, I felt that any projected numbers would, by definition, be inaccurate. 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up
Disclaimer

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.

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Alvina Lo
Chief Wealth Strategist, Wilmington Trust

Alvina Lo is responsible for family office and strategic wealth planning at Wilmington Trust, part of M&T Bank. Alvina was previously with Citi Private Bank, Credit Suisse Private Wealth and a practicing attorney at Milbank, Tweed, Hadley & McCloy, LLC. She holds a B.S. in civil engineering from the University of Virginia and a JD from the University of Pennsylvania.  She is a published author, frequent lecturer and has been quoted in major outlets such as "The New York Times."