Expert offers financial planning tips for new college grads

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New college graduates entering the workforce face financial decisions from managing student loan debt, building credit, saving for retirement, building emergency funds and more.

The arrival of spring means a new group of college graduates will soon be entering the workforce in earnest and facing financial choices that will impact their futures. Between planning for retirement, saving for other goals like purchasing a home or raising children, dealing with student loans and managing their credit, new college graduates who may be inexperienced in handling their finances will have to proceed strategically, or they may have to regroup to meet their financial goals.

A lot of kids use their money to go out to buy and spend – but I think the mindset should be 'let's go shopping for stocks' and instead you're shopping for investments, and that can be a lot of fun." "Systematic investing should be more diversified. The diversification piece is key. Having exposure to different sectors and different money managers is a plus… I think that ETFs and mutual funds and things like that are a fantastic choice.

 

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