by Devin Frampton
How can you intelligently save for retirement? Most young adults (myself included) are early in their careers, with relatively low incomes compared to lifetime averages, and growing financial obligations. This causes young investors to 1). Place investing for the future on the back burner; and 2). Feel very conservative about the the investments that they make. They’re not thinking about retirement; they’re worried about paying rent, setting aside an emergency cash reserve, and saving for a down payment on house. What they don’t realize is that time is your best friend when you start to invest, and being aggressive is a smart way of reducing risk — the risk of a loss of purchasing power — over the long term. Read this article from Federated Investors, one of our firm’s institutional money managers.