5. Invest in stocks: Recognizing that it takes more than just a 401k plan to secure a comfortable life after retirement, Rapley and Harris suggest millennials invest in stocks and other investment funds without being afraid to endure some risk. Harris points out that investing $2,000 each year for 20 years in S&P 500 can help you build a wealth of more than $72,000 over two decades. But if you leave your money in treasury bills, which is basically like cash, you’ll only end up with about $50,000 over the same time period.
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