MTI018: Retirement Investing for Millennials with Lauren Brouhard

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 19 December 2014

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing is the best way to build wealth for the future, but many millennials are wary of investing. They aren’t sure how to trust others with their money, and they may not have had money conversations with their parents. Fidelity’s

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.6	Stock market, wealth, personal finance, value stocks, invest in your life.
0:16.0	Welcome to this week's episode of the Money Tree Investing Podcast.
0:20.7	This week I have a special guest. Her name is Lauren Bruhard. She is the senior vice president for retirement at Fidelity Investments. We are going to talk about retirement investing and millennials and how to overcome your fears of investing and what you can do to get started now so that you have a
0:38.2	better future later. So welcome to the show today, Lauren.
0:43.0	Hi, it's great to be here today.
0:44.9	So let's go ahead and start out. You recently did a survey. You've got some data for me. You did
0:49.9	a survey about millennials investing. And what were some of the more compelling things
0:55.0	that you found about millennials and investing for retirement?
0:58.7	Sure.
0:59.2	Well, first of all, with this study, we were really trying to get into the heads of millennials
1:03.1	to understand what their concerns are about money so that we can continue to help them get
1:08.9	on a path to financial success.
1:10.9	And a couple of the key things that we're finding are, first of all,
1:14.9	that a lot of millennials are worrying about their finances and don't want to go it alone.
1:20.3	So about 40% of the millennials we surveyed worry about their finances at least once a week or more.
1:27.3	And furthermore, they don't really know where to turn for advice.
1:31.7	So while many of them, about a third, are looking to their parents for advice on how to get gone with saving and investing,
1:41.1	the second most popular answer to the question about who they trust was nobody.
1:47.4	Oh, my.
1:48.1	Yeah, so that's a bit concerning because we want to make sure that these millennials, as they're
1:55.1	getting out of the gate, are able to find credible sources of financial information.
	...

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