{"id":3665,"date":"2017-05-16T12:57:15","date_gmt":"2017-05-16T18:57:15","guid":{"rendered":"http:\/\/sites.coloradocollege.edu\/careercenter\/?p=3665"},"modified":"2017-05-16T14:28:21","modified_gmt":"2017-05-16T20:28:21","slug":"what-did-boomers-do-wrong-financial-advice-for-the-class-of-2017","status":"publish","type":"post","link":"https:\/\/sites.coloradocollege.edu\/careercenter\/what-did-boomers-do-wrong-financial-advice-for-the-class-of-2017\/","title":{"rendered":"What did Boomers do wrong? Financial advice for the Class of 2017"},"content":{"rendered":"<p class=\"smallHeaderBreak blogAuthor\">As over 1.8 million college graduates enter the workforce, they face an economic inflection point. Change in their financial life will perhaps never be as dramatic as the transition to career economics.<\/p>\n<p>It is advisable that the Class of 2017 look at a revealing case study of those who preceded them, the Baby Boomers.\u00a0 Most Boomers have not prepared adequately for their golden years, just ask them.\u00a0 They wish they had a do-over button; &#8216;If I had only known then what I know now\u2026&#8217; goes the lament.<\/p>\n<p>If there was such a button, many Boomers would do anything for it. But if there was, where it would it put them? Squarely where the Class of 2017 is today. I hope this gives pause to use this moment wisely. It is literally priceless.<\/p>\n<h2 class=\"grande translate normalWeight\">How to Transition from Campus to Corporate Life<\/h2>\n<p class=\"smallHeaderBreak blogAuthor\">by <a id=\"ContentPlaceHolderDefault_SectionContent_AuthorLink\" href=\"http:\/\/www.vault.com\/contributors-network\/alan-j-mcmillan\/\">Alan J. McMillan<\/a> | May 15, 2017,\u00a0Re-posted from <a href=\"http:\/\/www.vault.com\">Vault\u00a0<\/a><\/p>\n<p>What did Boomers do wrong?\u00a0Essentially, the priority was work and they put less thought and money into the long term deployment of that money and now they regret it.\u00a0<a id=\"ContentPlaceHolderDefault_SectionContent_AuthorLink\" href=\"http:\/\/www.vault.com\/contributors-network\/alan-j-mcmillan\/\">Alan J. McMillan<\/a>\u00a0offers these\u00a0simple lessons for this generation:<\/p>\n<p><strong>Set an\u00a0<em>Initial-Percentage<\/em>\u00a0goal for your 401k<br \/>\n<\/strong><strong>Set a\u00a0<em>Goal-Percentage<\/em>\u00a0for your 401k<\/strong><br \/>\n<strong>Never divert retirement assets toward expenses<\/strong>\u00a0<strong>while you are working<\/strong><br \/>\n<strong>Install, fully implement and become proficient with financial software<\/strong><\/p>\n<p>Of course its not quite that simple, <span style=\"color: #ff0000\">READ MORE<\/span>&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As over 1.8 million college graduates enter the workforce, they face an economic inflection point. Change in their financial life will perhaps never be as dramatic as the transition to career economics. It is advisable that the Class of 2017 look at a revealing case study of those who preceded them, the Baby Boomers.\u00a0 Most&hellip;<\/p>\n","protected":false},"author":847,"featured_media":3666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[3],"tags":[417,939,140,1037,416],"class_list":["post-3665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-job-info-advice","tag-finances","tag-financial-planning","tag-graduation","tag-life","tag-retirement"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sites.coloradocollege.edu\/careercenter\/files\/2017\/05\/GraduatesHighAbove.jpg?fit=442%2C270&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p79l8e-X7","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/posts\/3665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/users\/847"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/comments?post=3665"}],"version-history":[{"count":3,"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/posts\/3665\/revisions"}],"predecessor-version":[{"id":3670,"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/posts\/3665\/revisions\/3670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/media\/3666"}],"wp:attachment":[{"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/media?parent=3665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/categories?post=3665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.coloradocollege.edu\/careercenter\/wp-json\/wp\/v2\/tags?post=3665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}