A disturbing amount of millennials are robbing their retirement accounts. Teach your children how to save now and stop this alarming trend before the problem gets worse.

Studies show that an alarming 1/3 of millennials have robbed their retirement accounts between 2001 and 2017. If this isn’t proof that we haven’t taught our children the importance of saving and how to go about it then this epidemic will only get worse and everyone will pay for it. Today I discuss how saving early can make you major retirement bucks. Other topics include:

• The difference between IRA’s & Roth IRA’s
• Good annuity situations & what to do with bad annuities
• Who should Mark open a Roth IRA with and what mutual funds or ETf’s do I recommend for new investors?
• Paying quarterly taxes overseas

 

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 on Tuesday's and Wednesday's from 6:00-7:00 a.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visitwww.NewFocusFinancial.com.