CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
1021223-00006-00
Nate Obringer, RICP®
Financial Advisor
Prudential Advisors
9800B McKnight Road, Suite 223
Pittsburgh, PA 15237
Phone: 412-318-4129
Fax: 877-840-2322
Email: nate.obringer@prudential.com
March/April 2024
Millennials - This is for You
You’ve worked hard to become a high-earning millennial, and to stay there, you continue to do so. Sadly, working long hours may keep you from planning for your financially secure future, but that would be a mistake.
How can you avoid financial mistakes? Recognize that you cannot do it all, so seek professional guidance.
What Not to Do
Unfortunately, some millennials make mistakes that can cause long-term damage to their financial situation. Often, these may include:- Inflating their lifestyle because they assume their high income will always be there.
- Likewise, they do not start investing for retirement and other future goals soon enough.
- Not planning for a rainy day with an emergency fund and adequate insurance coverage.
- They feel they will live forever, so they avoid estate planning.
What Do You Want?
Start by writing down your short- and long-term priorities, which may include wealth accumulation, early retirement, travel, starting a family, charitable giving, or major purchases such as a car or home.Make Informed Choices
Your goals will likely call for advanced planning strategies to help achieve them. Here are just a few to consider:Tax allocation of your retirement assets— Consider how much income tax you’ll pay in retirement when choosing where to invest now. Investigate Roth and traditional 401(k) plans and IRAs if you qualify. You may want to consider taxable investments once you’ve maxed out qualified retirement investments.
Charitable giving— When it comes to charitable giving, consider potentially tax-saving strategies such as donor-advised funds or bunching charitable donations into one year for tax purposes.
Insurance strategies— Carrying adequate insurance on your home, car, valuables, and loved ones can provide comfort in knowing your family is protected. Life insurance may also avail you of future tax-free funds for medical care and help facilitate charitable giving.
Do It Your Way
Working together and including tax and legal professionals, we can develop a personalized strategy that addresses all your financial goals and needs. Knowing this aspect of your life is well managed, you can focus your time where it is best spent.1065517-00002-00
Offering investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Prudential and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Prudential, the Prudential logo, and the Rock Symbol are service marks of Prudential Financial Inc., and its related entities, registered in many jurisdictions worldwide. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Prudential Advisors and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.