Millennials are planning for their life after retirement. Although most of them are starting their retirement preparations at the age of 22 years, a good number of them do not have the correct information on how to save their earnings for retirement. According to David Giertz, there exist several ways that millennials can use to save enough money for their retirement.
Millennials are required to evaluate their financial wealth on are a regular basis. The evaluation is essential to ensure that enough money is saved and some are put aside to cover other important things. Some of the important stuff includes paying debts. Millennials saving for their retirements should take advantage of compound interest.
David Giertz advices millennials to use the Roth IRA plan. Under the plan, money is taxed before being deposited and is tax-free when withdrawn after withdrawal. It also accrues large amounts of compound interests in several years. Millennials who start using this plan at the right time end up saving more money by the time they retire.
According to David, a better way of saving enough money for retirement is by establishing a side gig. Millennials can change their hobbies into income generating activities that would see them save money for their retirements.
David Giertz is a reputable financial advisor. He has carried out the provision of financial services for more than thirty years. He holds a Bachelor of Science degree from Millikin University. Mr. Giertz the proceeded to the University of Miami where he graduated with a Master’s in Business Administration (MBA). He is a registered and licensed financial broker. David Giertz currently serves as the President and a financial advisor to the National Financial Distributors, Inc. He has published several reports and papers in newspapers as well as on the websites.