Intelligence

Why Mutual Funds Are the Key to Millennials’ Retirement

Reporter: Rebecca Lake

Publication: US News

Contact: iq@fullyvested.com

Deadline: Jun 13, 2017 11:00 pm

ICI’s latest factbook shows that millennials buy their first mutual fund at a younger median age compared to Baby Boomers. The report suggests that buying mutual funds early may allow younger investors to have nest eggs double the size of Boomers. This story will expand on what millennials need to know as they build their mutual fund portfolio. 1. What are the primary benefits mutual funds offer to younger investors who are saving for retirement? 2. In terms of tax-advantaged accounts, how can millennials make sure they’re investing with mutual funds in the most tax-efficient way possible? 3. What are the most important costs a beginning investor needs to consider when evaluating mutual funds? 4. What other criteria should millennials be using to evaluate mutual funds when building their portfolios for the first time? 5. How can millennials manage risk as they incorporate mutual funds into their retirement portfolios?

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