Ages 18–50: What Should You Do with Your Money? | The Informed Investor 20

Episode 20: How should you manage your money from ages 18 to 50?

When to start saving—and how much—are questions many adults begin to consider when they start their first job.

Employer retirement programs, such as 401(k) plans, typically offer easy ways to save that come with tax advantages.

Many employers will match a significant portion of contributions by employees to help them build their nest eggs.

Exactly how to invest your savings is another important issue. That means identifying an appropriate asset allocation for your age.

People under 30 may also confront questions about establishing an emergency fund, building credit, and managing their spending habits.

Later, from ages 30-50, common concerns include purchasing a home, starting a college savings plan for children, and determining needs for life insurance.

In Episode 20 of the "The Informed Investor" podcast, Dimensional's Mark Gochnour, Head of Global Client Services, does a deep dive with Tim Slattery, PhD, Chief Investment Officer of Heritage Investment Group, and Mike Mers, Founder of Aspen Capital Management, on the must-dos and don'ts that can help anyone ages 18–50 lead a healthy financial life.

Next week, Episode 21 of "The Informed Investor" podcast will explore financial must-dos and don'ts for people ages 50 and up.

LINKS FROM TODAY'S EPISODE:

"The Informed Investor" on YouTube https://www.youtube.com/playlist?list=PLCyJr6FFig-h1mA7rVP7Mbk0irFw2wA90

Dimensional Fund Advisors Shorts on YouTube https://www.youtube.com/@dimensionalfundadvisors/shorts

Mark Gochnour on LinkedIn https://www.linkedin.com/in/mark-gochnour-9a23598a/

Tim Slattery https://heritageinvestment.com/our-professionals/timothy-g-slattery/

Mike Mers https://www.aspencapitalmgmt.com/mike-mers

Learn more at https://www.dimensional.com/