2. Take advantage of your company’s employment savings plan: One of the biggest mistakes millennials make is opting out of their company’s employment savings plan. Rather than putting aside a portion of their income for a 401k plan, millennials often think its best to be greedy now and play catch up later. The earlier they start saving for retirement the better because their financial obligations will only increase the older they get with responsibilities like a mortgage, student loans, and child education savings plans causing them to divide their funds elsewhere.
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