It is very clear that millennials face a very different financial landscape from older generations. Gone are the days of pensions, a lifetime of service to a single company, and real estate costs in check with single income earner households. Additionally, the following issues are unique to Generation Y:
What these and many other conditions indicate is that times have changed. The world of the Baby Boomer and Gen X are gone and preparation for financial goals is more challenging than ever before. Parental advice is dated and often wrong in today's context. Back in the day, a Baby Boomer could work on his/her car because it was less complicated. Today, only a skilled technician can do that work because it is a much more complicated and nuanced machine. The same holds true for financial vehicles. I would strongly encourage any young person to have a free consultation with a skilled professional who will evaluate their needs based on their goals and best interest. Not just from an offense perspective but with defensive considerations as well. Time is the one thing that cannot be influenced and they need to act today.
Article by Tim Ehlers.
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