...Unless your grandfather is a client of ours, that is! Millennials and Gen X'ers took notice of what happened to their parents and grandparents in times of previous market difficulties.
These same generations have tools and technologies available to them that investors never have had before. The internet has made it possible to do research on any topic at any time, as well as be able to receive news almost instantly as it happens.
Burdens have included things such as massive student loan and credit card debt, the inability to move into home-ownership as early as desired, ultra-competitive job markets and slow wage growth.Still, younger investors wish to be smart with their finances. They know that they must have adequate life insurance coverage in case of the unthinkable. They know that they need to start their retirement and college savings sooner rather than later. They also see much of their paycheck going towards maintaining their household and supporting their families.At Envoy, we have intimate knowledge and experience with these generational issues. (Mainly because we're in the same boat you are!) We can take your budget into consideration while still making sure you're protecting your loved ones and planning for your future.
The cost of waiting may actually be greater than the cost of getting started. Some solutions can be started for as low as $25 or $50 a month.
One strategy or one type of financial product probably doesn't equal your full solution. Diversify your plan to increase chances of success.
Life insurance isn't just for covering the cost of your funeral. It can be a vital tool that keeps your loved ones on a steady path, even if you're no longer here to point the way.