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MATT BADIALI ON RETIREMENT PLANS BY MILLENIALS

Matt Badiali has always been proving the odds wrong in the financial industry. He has been coming up with new trends and shedding light on issues concerning investments. A lot of the people who have gone to him for financial advice have been emerging victorious after making a questionable investment. He publishes numerous articles on the Banyan Hill website. People in the financial industry have always had their eyes on him because he tends to be spontaneous. In some of the publications that he has made, Matt Badiali has pointed out key issues in the society such as millennials and investments. In a recent article, he covered both of these topics.

After seeing the subject of millennials failing to invest in various media outlets, he decided to take into account the possibility of this being the case. After posing the question on social media, he concluded that the millennials that invest in the stock market are 45%, while the rest don’t. The survey also found that about 66% of the millennials working in the US also don’t have a retirement plan. Matt Badiali took into account several factors that could affect their retirement plan. Based on the National Institute on Retirement Security, the youngest millennial should be 27 years old.

Assuming that it took them approximately four years to complete university education and got an entry-level job immediately after, it’d be safe to say that they had been working for four years now. For $200 a month worth of saving, according to Matt Badiali, there could be approximately $100,000 about 35 years down the line if there was a 6% annual return. Most millennials often think that retirement is far off. Mr. Badiali believes that those monthly contributions are just as important right now as they will be when the person starts saving several years to come. Getting into a retirement plan such as 401(k) would be very advantageous for such a person. Matt Badiali got the idea of doing so from his aunt, and he suggests that other people take his advice soon as it’s never too late to start saving, neither is it too early to start investing.