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Even though you probably have heard that it is important to start saving for retirement when you are young, the median savings for the millennial generation is $0. Zip. Zilch. Nada. This does not bode well for the younger generation, especially with a struggling Social Security program and the lack of pensions today. Without investing in your own retirement, there will likely be very little monetary help once you reach retirement age.
While many obligations can prevent you from starting to save like paying down school debt, there are small things you can do to get your retirement savings on track. The team at Motif Investing has provided 4 tips to grow your wealth in this infographic. Take matters into your own hands by investing for yourself. Nobody cares more about your money or your financial future than you. From tips like small amounts add up, to diversifying your portfolio these suggestions can help you give you an edge towards meeting your retirement goals.
