The No. 1 answer for millennials was not socking money away in an emergency fund. Boomers and Gen Xers answered differently...
, according to a survey of more than 1,000 adults conducted by Harris Poll on behalf of TD Ameritrade. But what people consider to be a major money mistakes differs by age.
Meanwhile, just 33% of millennials listed this as a major mistake, putting it sixth on the list behind things like keeping financial secrets from a spouse or partner and having a low credit score. Research suggests that we often have a hard time identifying with our future selves, and thus may have a harder time saving money for the future; one study that allowed people to see renderings of themselves in old age showed that looking at these images could help people save more. “The way to think of this is to think of your future self,” says financial planner Mitchell C. Hockenbury of 1440 Financial Partners in Kansas City, Mo.
What’s more, if your company matches funds, this is “one of, if not the only game in town where you can get a guaranteed 100% return on that matching amount, if/when you vest. So if you don’t fund your 401 to the amount your employer matches, you may be losing out on doubling your money,” explains certified financial planner Bobbi Rebell, host of the Financial Grownup podcast, who notes that some do have lower matches. “Even in the best years, the stock market isn’t going to come close.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
How Generation-X Is Losing Out In Corporate America To Both Baby Boomers And MillennialsThe slacker stereotype hoisted upon this group has had deleterious effects on the career mobility of Gen-Xers.
Baca lebih lajut »
Ten Songs That Could Eventually Replace Lil Nas X's 'Old Town Road' at No. 1'Old Town Road' can't stay No. 1 forever -- probably not, anyway -- so eventually, something is going to have to come along to take over the top spot. Is that song one we already know about -- maybe one already on the Hot 100?
Baca lebih lajut »
Mariah Carey Congratulates Lil Nas X's Record-Breaking Day with One Sweet Instagram PostThe 'Old Town Road' rapper breaks the long-standing 16-week record jointly shared by Carey's Boyz II Men collaboration 'One Sweet Day' and Daddy Yankee and Louis Fonsi's 'Despacito.'
Baca lebih lajut »
Lil Nas X's 'Old Town Road' Leads LyricFind's Song of the Summer Ranking (So Far).LilNasX's OldTownRoad is reported to be the No. 1 song in trending lyric usages and searches globally
Baca lebih lajut »
Music Writers Attribute Lil Nas X’s Success To Inventing Country GenreNASHVILLE, TN—Lauding the singer for his unique melding of roots, Americana, and Appalachian folk styles, music writers across the industry attributed the extraordinary success of Lil Nas X Wednesday to his invention of the genre of country. “What really sets Lil Nas X apart is his ingenious choice to create what I’m calling the ‘country’ genre, a completely novel kind of music that combines traditional American genres with a certain level of southern twang,” said Rolling Stone writer Will Hermes, adding that what made “Old Town Road” such a massive hit was Lil Nas X’s revolutionary choice to use the song’s lyrics to touch on little-used Americans themes such as cowboys, tractors, and horses, while layering them with folksy instrumentation like banjos to create an entirely new sound. “You can really imagine this ‘country music’ appealing to Americans everywhere, from the rural south to the heartland. Time will tell, of course. It might just be a passing fad.” Hermes said that he already saw several virtual unknowns like Keith Urban and Billy Ray Cyrus jumping onto the bandwagon of Lil Nas X’s new genre with their own country-inspired recordings.
Baca lebih lajut »
Lil Nas X's 'Old Town Road' Breaks Record for Longest Stay Atop Streaming Songs ChartThe record-breaking week comes at the same time as the song’s historic 17th week at No. 1 on the Billboard Hot 100.
Baca lebih lajut »