Allison Beacham, my Millennial daughter and co-author on O.M.G. Official Money Guide for College Students, has nearly $17,000 in her 401(k) plan just two years into her “after-college” job. This is not by chance. Financial education begins in the home, and we have been grooming her since she turned eight.
We talked about money at least as often as we talked about grades and the difference between right and wrong. We consider her ability to manage everyday money a critical life skill, one that will empower her to take advantage of opportunities and help her not just survive adult life but also thrive.
“Millennials are starting to save for retirement 17 years earlier than their baby boomer parents did because parents of Millennials were much more open about money with their kids than their parents,” writes Mai Nguyen, Continue reading