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. 

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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."