Chris Holden

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David Giertz on How Millennials Can Save for the Future

by Chris Holden - November 22nd, 2017.
Filed under: Financial Expert.

Financial planner, David Giertz has some tips to help millennials actively save for retirement. Most millennials are ready to start saving and these tips will help them stay financially healthy, while looking forward.

Keep Track of Your Finances

Keeping up with debts and savings, will allow for a more comfortable future. Debts should be paid off as soon as possible, while savings should be a concern as well. Once debts are paid off, then more can be added to a savings account. To be able to put enough toward retirement, David Giertz suggests that debts be the number one priority.

Invest Funds in a Roth IRA

A Roth IRA allows one to reap the rewards of compound interest, and upon retirement is not taxed. The tax is paid out of income before funds are deposited. The earlier a millennial starts a Roth IRA, the better the compound interest and the bigger retirement fund.

Get a Second Job or Skill

Having a second or passive income will help pay off debts and add to savings, which will keep a retirement account growing.

David Giertz has worked in the financial services industry for 30 years. He has an MBA from the University of Miami and a BS from Millikin University. He has served on various boards in his community, such as the Girl Scouts of Broward County. Mr. Giertz is a Certified Business Coach with WABC and as a leader has certified over 100 business coaches.

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