Investment conversation for the holidays

Some good advice from the Wall Street Journal

If you plan to spend some time with your adult children during the holidays, point them to a new report from T. Rowe PriceTROW +1.55{030251e622a83165372097b752b1e1477acc3e16319689a4bdeb1497eb0fac93} the Baltimore-based mutual-funds company. In a survey of investors ages 21 to 50, researchers found that such individuals have laudable goals—72{030251e622a83165372097b752b1e1477acc3e16319689a4bdeb1497eb0fac93} said saving for retirement is their top financial priority—but a poor understanding of how to reach them. Many advisers recommend saving at least 15{030251e622a83165372097b752b1e1477acc3e16319689a4bdeb1497eb0fac93} of annual income, but about two-thirds of those ages 21 to 50 with access to a 401(k) are contributing 10{030251e622a83165372097b752b1e1477acc3e16319689a4bdeb1497eb0fac93} or less of their salaries to their accounts. Young investors also might be overly cautious: Fully 37{030251e622a83165372097b752b1e1477acc3e16319689a4bdeb1497eb0fac93} said they are refraining from investing in stocks. So go ahead: A little dinner conversation about planning for the future never hurts.


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