A millennial handling $325 million for the wealthy maps out 2 scenarios for how aggressive to be if you're young and starting to save for the future

France Nouvelles Nouvelles

A millennial handling $325 million for the wealthy maps out 2 scenarios for how aggressive to be if you're young and starting to save for the future
France Dernières Nouvelles,France Actualités
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Wealth manager Jakob Loescher details two approaches he uses to help young clients save for retirement, one aggressive and one more cautious.

, you're aware of the challenges you might face. They might include high debt, increasingly expensive housing, and a more questionable social safety net.

Loescher, 33, handles $325 million for clients of Savant Capital Management, a $6.3 billion firm based in Rockford, Illinois. He's both a financial planner and a retirement planning counselor, and Forbes recently named him as one of the best young wealth managers in the US.Loescher's advice if you're a long way from retirement is fairly simple. First, you should save up at least three to six months worth of expenses in case of emergencies.

He says bonds should their"anchor" portfolios, and depending on their needs, advises them to invest 60% to 70% of their money in fixed income with the rest in stocks.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

BusinessInsider /  🏆 729. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The world's biggest wealth manager says it's time to sell stocksThe world's biggest wealth manager says it's time to sell stocksThe world's biggest wealth manager says it's time to sell stocks. 'Over this next six-month period, we think it could be a rockier road for equities,' UBS Wealth Management Chief Investment Officer Mark Haefele says.
Lire la suite »

Former CS banker Iqbal Khan to head UBS wealth management: TagesAnzeigerFormer CS banker Iqbal Khan to head UBS wealth management: TagesAnzeigerSwiss bank UBS will appoint former Credit Suisse banker Iqbal Khan as head of it...
Lire la suite »

Democrats’ Emerging Tax Idea: Look Beyond Income, Target WealthDemocrats’ Emerging Tax Idea: Look Beyond Income, Target WealthLawmakers and 2020 candidates offer a range of options focused on capturing some of the trillions of dollars in assets belonging to the nation’s richest. Among the ideas: Tax it all at death, tax asset appreciation or claim a sliver every year.
Lire la suite »

The Hardest Thing About Having Your Last BabyThe Hardest Thing About Having Your Last BabyWhen you're sure you're done having babies, when you know you couldn't possibly handle another child, when you finally feel confident you've brought your last
Lire la suite »

Millie Bobby Brown Is Launching Her Own Beauty BrandMillie Bobby Brown Is Launching Her Own Beauty Brand'Every young person deserves to have a good start with their skin.'
Lire la suite »

The Artist Blending Pop Art and Indian Soap OperasThe Artist Blending Pop Art and Indian Soap Operas“The women and the people in my work say things that I’ve wanted to say; that I wish I could have said when I was younger. They say things that I have said. They’re people I want to be; people I have been, and women I look up to”
Lire la suite »



Render Time: 2025-04-13 11:20:45