Preparing for Retirement as a Millennial: It's Never Too Early

Preparing for Retirement as a Millennial: It's Never Too Early 1. Start saving now: Begin saving for retirement as early as possible to take advantage of compounding interest. 2. Contribute to a 401(k): If your employer offers a 401(k) plan, contribute as much as you can to take advantage of employer matching. 3. Consider an IRA: If you don't have access to a 401(k), consider opening an individual retirement account (IRA). 4. Plan for the long-term: Plan for a retirement that could last 30 years or more. 5. Consider your risk tolerance: Determine your risk tolerance and choose investments accordingly. 6. Rebalance your portfolio: Review and rebalance your portfolio periodically to ensure it aligns with your goals. 7. Understand taxes: Understand the tax implications of your retirement accounts and plan accordingly. 8.