Home' The River Weekly News : RWN 011317 Contents 21
THE RIVER - JANUARY 13, 2017
by Jennifer Basey
“millennial” – a
member of the
age cohort born
anywhere from the
early 1980s to the
late 1990s – then
you’re still in the
early chapters of
your career, so it
may be a stretch
for you to envision the end of it. But
since you do have so many years until
you retire, you’ve got the luxury of
putting time on your side as you save
and plan for retirement.
Here are some suggestions for
making the best use of that time:
• Invest early – and often. Even
if you are at the very beginning of
your career, make investing a priority.
At first, you might only be able to
contribute a small amount each month,
but something is far better than nothing
– and after a year or so, you might be
surprised at how much you’ve actually
• Take advantage of your employer’s
retirement plan. If your employer offers
a 401(k) or similar plan, contribute as
much as you can afford. At the least,
put in enough to earn your employer’s
match, if one is offered. Your
contributions can lower your taxable
income, and your earnings can grow on
a tax-deferred basis.
• Invest more as your earnings
increase. As your career advances
and your earnings rise, you’ll want to
increase your contributions to your
401(k) or similar plan. And if you
ever “max out” on your annual 401(k)
contributions (the limits change over
time), you can probably still contribute
to another tax-advantaged retirement
plan, such as a traditional or Roth IRA.
Thus far, we’ve only discussed,
in general terms, how much and
how often you should invest. But it’s
obviously just as important to think
about the type of investments you own.
And at this stage of your life, you need
an investment mix that provides you
with ample opportunities for grow th.
Historically, stocks and stock-based
vehicles provide greater grow th
potential than other investments, such
as government securities, corporate
bonds and certificates of deposit (CDs).
Of course, stocks will rise and fall in
price... sometimes dramatically. But
with decades ahead of you, you do have
time to overcome short-term losses.
And you may be able to reduce the
effects of market volatility by spreading
your dollars among many different
stock-based investments, along with a
reasonable percentage of bonds and
other, more conservative securities.
Here’s something else to consider:
Many millennials want more from their
investments than just good performance
– they also want their money to make
a difference in the world. This interest
in “impact” investing (also known as
“socially responsible” investing) has
led some of your peers to screen out
companies or industries they believe
have a negative impact on society
in favor of other businesses that are
viewed as contributing to a more
sustainable world. If this viewpoint
resonates with you, then you may want
to explore these types of investment
opportunities with a financial
But most importantly, keep on
investing throughout your life. As a
millennial, you’ve got plenty of the one
asset that can never be replaced: time.
Use it wisely.
This article was written by Edward
Jones for use by your local Edward
Jones financial advisor. Jennifer Basey
is a financial advisor in Fort Myers.
She can be reached at jennifer.basey@
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Conservation 20/20 Land Stewardship Coordinator Jason Boeckman will share
the best tips and locations for wildlife sightings at 20/20 preserves on Thursday,
January 19 at 7 p.m . at Tropical Masonic Lodge 56, located at 10868 Metro
Parkway in Fort Myers.
For more information, visit ww w.audubonswfl.org.
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