Clueless: What Graduates Need to Know About Making Financial Decisions
by William Reichenstein and Tom Potts
Today’s college graduates are usually enthusiastic and well-trained in their discipline.
But they are often clueless about financial matters.
In this article
- A Tale of Two Graduates
- Procrastination Is Expensive
- The Moral of the Story
- A Primer on Savings Decisions
- A Primer on Retirement Plans
- A Basic Primer on Investments
- A Primer on Investment Decisions
- Clueless—Not
Share this article
Facebook
Twitter
E-mail
SeekingAlpha
Stumbleupon
Delicious
LinkedIn
Unfortunately, the fallback position is typically to do nothing. But these early-year “non-decisions” can have a detrimental effect on their financial well being throughout their working lives, and especially in retirement. If only they had known how important it is to make good decisions in these early-year financial matters!
This article is aimed directly at the younger generation, and it designed to help them avoid such financial mistakes.
To read more, please become an AAII Registered User or CLICK HERE.
Tom Potts , Ph.D., CFP, is a professor of finance at Baylor University and can be reached at Tom_Potts@baylor.edu.
Discussion
Thank you for keeping these articles around and available!
posted over 2 years ago by Chris from New Jersey
Yes, keep them around. I have ten grandchildren in various stages of their college education and they need this information!!!
posted about 1 year ago by James from California
Great article. I give my grandson the very same advice but it lands on deaf ears. I will give him a copy of this article and hope he wakes up to the real world and be responsible for his future.
posted about 1 year ago by Walter from California
The article makes some very basic points applicable to young people starting out. I have a twenty-one year old son who just finished college. I have been trying to get his attention on this issue for several years. The article is basic for him to understand and hopefully get the message.
posted about 1 year ago by Charles from Illinois
I'm sending a copy of this to my 33-year-old daughter who wants to start an emergency fund as well as saving beyond her 401K. Later than Sylvia, yes, but better than when I started at age 40.
posted about 1 year ago by Jean from Wisconsin
