/Saving Alone Isn’t Enough to Set You on the Right Path

Saving Alone Isn’t Enough to Set You on the Right Path

Simply saving money isn’t good enough to set you on the right financial path.

Laura Williams explains what will and why (CNBC).

“The difference between people who seem to live quite well in retirement and those who don’t was investments,” she said.

Like lots of millennials, Williams knew some people invested, but she wasn’t one of them. In her late 20s, she wasn’t putting anything aside for retirement.

The roadblock for many younger investors is the fear that they’re not knowledgeable enough.

“People assume that to get started you have to have an absolute command over investing,” said Jennifer Dempsey Fox, a certified financial planner and president of Bryn Mawr Trust Wealth management in Bryn Mawr, Pennsylvania.

Continue reading at CNBC.com.