Millennial Money
Because You're Never Too Young To Get Ahead
Tired of Being Restricted Financially?
There’s a lot of bad news out there in regards to Millennial finances. Studies show that the average amount of student loan debt for a millennial is $27,000. The Social Security Trust will be depleted by 2034. 45% of Millennials aren’t saving for retirement because of debt or other obstacles. Millennials have been brought up in one of the most turbulent financial environments in recent memory. Financial instability is rampant.
Move From Financial Instability to Financial Freedom
At Flagship Financial, we believe that YOU CAN achieve financial freedom, no matter where your starting point. Whether it’s student loan debt or a lack of confidence in Social Security holding you back, you don’t have to be stuck there. We can help you move from financial instability into financial freedom.
Tax Preferred Accumulation
There are 4 types of money: Free Money, Tax-Free Money, Tax-Deferred Money, and Taxable Money. Smart tax-preferred planning in the present can have a significant impact on the future for you and your loved ones. We help you ensure that your assets are in the most tax preferred status possible, and that your money is only taxable when absolutely necessary.
Personal Pension
As a Young Professional, not only do you need to be able to rely on a strong pension plan, you need to be able to retrieve those funds tax free- and when you need them. With our Tax Free Pension Plan, you’ll find out how to maximize your current income to ensure your future goals. And, unlike the majority of Millennials you will have access to a time tested financial strategy to set you apart and bring you peace of mind.
Smart Money
Smart people have smart money. Money you can access anytime you want. Whether it’s for emergencies, business or play, make sure your money works for you and is available when you need it most. You work hard and sometimes you play hard, so your money should too.
Replacement of Social Security Strategies
The current generation can no longer count on the safety nets enjoyed by their grandparents. Pensions are rarely available in the workforce and according to Transamerica Center for retirement studies, 80% of millennials say they are worried Social Security won’t be there for them when they retire. If nothing is done the system will begin paying out more in benefits than it receives in revenue by 2022 and will be completely depleted by 2034. Thankfully simple directives enacted now will secure your future financial success.
