if you’re a millennial thinking about retirement, best of luck to you as 2020 is fast approaching and baby boomers are set to retire.  this will have a devastating effect on retirement monies coming to you, not just with private companies like vanguard but with the government and social security.  on the flip side, the economy should get a small boost as there will be more jobs available.

now to the good stuff, per georgetown university findings, there will be 31 million jobs available in the u.s. economy barring any financial or political dropoffs.  that may be five years too late for some residing in their parent’s homes or partnering up with other millennials in houses and apartments.

the drain on social security will be the first to go. millennials will be lucky to retire on social security alone when they’re in their 60s and 70s.  eknme would suggest to go to private iras and roths for security in their retirement.  otherwise, you can stick monies in the banks, credit unions or their mattresses, like some of the japanese are doing.  that is, you already have enough money or a a steady job to put monies into retirement.

what are your plans for retirement?