RETIREMENT PLANNING With Rob Ryan ZRYAN WEALTH MANAGEMENT Chany er Ca le e PAYBACK TIME FOR MILLENNIALS Millennials faced with student-loan debt may prioritize paying back their loans over saving for retirement to the point where they postpone saving until their loans are paid off. In fact, research shows that even millennials with small amounts of student-loan debt prioritize paying off their loans before turning their attention to saving for retirement or a down payment on a house. While their sense of fiscal responsibility is to be admired, millennials would likely be better off if they set some savings aside while still meeting their loan obligations. Failure to put even small amounts of money in 401(k)s prevents millennials from taking full advantage of the power of compound interest, which is harder to compensate for later on. Even with other money obligations, saving for retirement needs to be a high priority! Contributing to a tax-advantaged 401 (k) is a great way to get started. You can end up with a pretty good nest egg by saving just 10-15 percent of your annual salary during your working years. If you delay saving (or want to take an early retirement) that percentage will need to go up dramatically. To learn more about how our firm can help you or your company wants to set up a 401(k) retirement plan - call us! According to the study mentioned above, millennials without student-loan debt have saved twice as much for retirement by age 30 as those faced with college-related debt. To contact Rob Ryan: (530) 671-2100 retire@ryanwealth.com | www.ryanwealth.com Go to my website www.ryanwealth.com and request a Second Opinion analysis report! And help answer the question: "Will Í outlive my money?" Rob Ryan isa Reglatered Representative offering securities and advisory services threugh Reyal Alliance Associates, Inc. a registered broker dealer and registered investment advisor, Member FINRA. SIPC. Additional advisory services, insurancer and Estate Planning offered through Ryan Wealth Management are independent of Royal Alliance. Principal of Ryan Wealth Management, Inc. located at 463 Centary Park Drive ie Yubu City. CA Insurance L. rOCOs959 RETIREMENT PLANNING With Rob Ryan ZRYAN WEALTH MANAGEMENT Chany er Ca le e PAYBACK TIME FOR MILLENNIALS Millennials faced with student-loan debt may prioritize paying back their loans over saving for retirement to the point where they postpone saving until their loans are paid off. In fact, research shows that even millennials with small amounts of student-loan debt prioritize paying off their loans before turning their attention to saving for retirement or a down payment on a house. While their sense of fiscal responsibility is to be admired, millennials would likely be better off if they set some savings aside while still meeting their loan obligations. Failure to put even small amounts of money in 401(k)s prevents millennials from taking full advantage of the power of compound interest, which is harder to compensate for later on. Even with other money obligations, saving for retirement needs to be a high priority! Contributing to a tax-advantaged 401 (k) is a great way to get started. You can end up with a pretty good nest egg by saving just 10-15 percent of your annual salary during your working years. If you delay saving (or want to take an early retirement) that percentage will need to go up dramatically. To learn more about how our firm can help you or your company wants to set up a 401(k) retirement plan - call us! According to the study mentioned above, millennials without student-loan debt have saved twice as much for retirement by age 30 as those faced with college-related debt. To contact Rob Ryan: (530) 671-2100 retire@ryanwealth.com | www.ryanwealth.com Go to my website www.ryanwealth.com and request a Second Opinion analysis report! And help answer the question: "Will Í outlive my money?" Rob Ryan isa Reglatered Representative offering securities and advisory services threugh Reyal Alliance Associates, Inc. a registered broker dealer and registered investment advisor, Member FINRA. SIPC. Additional advisory services, insurancer and Estate Planning offered through Ryan Wealth Management are independent of Royal Alliance. Principal of Ryan Wealth Management, Inc. located at 463 Centary Park Drive ie Yubu City. CA Insurance L. rOCOs959