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David Lerner Associates > Financial Literacy (Page 70)

News & Resources: Financial Literacy

Millennials and Financial Education

It may no longer come as a surprise to anyone that Millennials do not have an excellent grasp on the management on money. Studies suggest that even with greater financial burdens from economic uncertainty and student loans, they are still lagging behind in basic financial education.

Why the 4 Percent Rule No Longer Works

For decades Americans have calculated their retirement saving needs on the 4% Rule - if you can withdraw 4% of your retirement fund per year, there is every chance you will have enough money for your golden years. That rule was calculated on interest rates much higher than we are seeing now, and it is proving to be not so reliable for people who will retire in the future.

Smart Money Lessons from the Very Wealthy

We believe that when someone shows success in a field we could learn a thing or two from them. A master craftsman knows how to create beautiful objects, and a professor with a doctorate degree can teach his students well. This idea holds true in the field of finances too - those who have made a lot of money know things that could help the rest of us do better.

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