If you're one of the more senior “Millennials” — born between 1982 and 2001 — you're in a good position to launch investment strategies to help you save for the future.

You've got time on your side — and the more years you have in which to invest, the greater the growth potential of your investments.

Also, since you probably have yet to reach your maximum earnings, you may be eligible to contribute the full annual amount to a Roth IRA, a powerful retirement savings vehicle. Keep in mind, though, that Roth IRA contributions are phased out over a specific income range.

Even if you have a Roth IRA, you can still participate in your employer’s retirement plan — so try to put in enough to earn your employer’s matching contribution, if one is offered.

As a Millennial investor, you've got time on your side. So take advantage of all your opportunities.


Are You a “Hands-on” Investor?

The investment world can be complex. How can you help ensure you’re making the right choices?

First, you can benefit from working one-on-one with a financial advisor — someone who is familiar with your family situation, risk tolerance and short- and long-term goals.

But you can work with a financial advisor in different ways. For example, your financial advisor could make recommendations based on your needs, but you’ll have the final say in accepting or rejecting these suggestions. This is the hands-on method of investing.

Alternatively, you could choose to open a managed account. With this account, your financial advisor will help you create and refine your strategy, but money managers will make the day-to-day investment decisions.

In any case, take your time in choosing the method that’s right for you. It’s the first step in working toward your financial goals.

Contact Wendell at Edward Jones www.edwardjones.com.