Premium Domain Names for Sale at
Save up to 74%
Subscribe to Kiplinger
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.
Six in 10 Millennials feel good financially, but they could benefit from additional planning, especially when it comes to weathering economic hiccups and taxes in retirement.
If you’re in your 30s or early 40s, chances are you’re a member of the Millennial generation. Millennials — defined as being born between 1981 and 1996 — today represent the largest generation in the U.S. by population. Their transition into adulthood coincided with major economic events including the dotcom bust of the 2000s and the Great Recession in 2008 — followed by a long and robust bull market and a global pandemic that threw day-to-day life into a tailspin.
3% Mortgage Rates: Gift of a Lifetime or Low-Rate House Arrest?
Now, as they enter their peak earning years, Millennials face another macroeconomic mixed bag: The job market is remarkably strong, but they’re feeling the squeeze of higher inflation, rising interest rates and cooling real estate valuations.
Their lives are complex, too. Many are balancing careers, families and other immediate responsibilities, while planning and saving for the future.
Be a smarter, better informed investor.
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail.
Profit and prosper with the best of expert advice – straight to your e-mail.
New research from Ameriprise Financial confirms what many already know to be true: Millennials are in a busy season of life. More than half (56%) of the 1,500 Millennials we surveyed as part of the study said they are stressed about balancing multiple financial priorities. They’re also concerned about broader economic forces. An overwhelming majority (90%) said they are very or somewhat concerned about elevated inflation, tax increases (84%), a recession (83%) and high interest rates (80%).
That’s not to say their outlook is gloomy. In fact, six in 10 (61%) reported they feel positive about where they stand financially. A similar number, 58%, said they believe they are doing better money-wise compared to their peers.
What accounts for their optimism amid the complexity of their situations? In our research, we found a correlation between Millennials taking control of what they can with their finances and an increased sense of confidence. If you find yourself managing competing priorities for your time, money and focus, keep these tips in mind for staying on top of it all.
Rather than simply fretting about economic conditions beyond their control, an overwhelming majority (95%) of the Millennials we surveyed have taken actions to lessen the impact: 60% reported cutting back on spending, and 48% indicated that they have boosted their savings rate.
If you’re feeling overwhelmed by inflation and the rising cost of living, take a page from these investors and do what you can to control your spending and put more money into savings. Even small adjustments can help you better understand and improve your cash flow.
Work toward building an emergency fund that you can tap for unexpected expenses that will inevitably pop up down the road. Generally speaking, most investors should have three to six months of living expenses easily accessible to use in an emergency.
Nearly a quarter of Millennials (22%) have turned to family and friends for financial advice, according to the research. While it’s natural to get advice from people close to you, keep in mind that taking advice from unqualified sources could be costly. In fact, 37% of those who said they’ve acted on bad advice received it from a friend — and they lost an average $17,000 as a result.
Millennials Want a Different Kind of Retirement
Too many learned this lesson the hard way. It’s one thing to listen to advice, but any financial decision you make should be consistent with your long-term objectives and your views on risk.
Consider consulting a seasoned financial adviser who can provide advice tailored to your situation. Research shows doing so is worth it: Millennials who work with a financial adviser are 31% more confident in their finances compared to those who are going it alone.
Many Millennials are off to a great start with retirement planning. On average, investors in their 30s and 40s started saving at a median age of 25, earlier than the median starting age for those in Generation X (age 28) and Baby Boomers (age 30).
However, they often overlook how their hard-earned money will be taxed in retirement. No one wants to pay more in taxes than they have to, and the research shows Millennials may be at risk of doing just that. Fewer than three in 10 Millennials (28%) consider tax diversification when investing for retirement, and more than one-quarter (27%) do not know the tax treatment of their investment accounts.
If you’re wondering whether there’s a tax optimization opportunity for you, first review the tax treatment of your accounts. Second, consult an adviser for guidance on how to create a tax-diversified retirement income strategy. Tax diversification means saving money in accounts with different tax treatments at the time withdrawals occur.
For example, if you make pre-tax contributions to a workplace plan like a 401(k), all withdrawals from the plan during retirement will be taxed at ordinary income tax rates. If you make after-tax contributions to a traditional IRA, the earnings only will be taxable at retirement. If you save money in a Roth IRA today and the holding period requirements are met, all withdrawals will be tax-free in retirement. This provides a great deal of flexibility in managing your tax liability in retirement, giving your nest egg more bang for the buck.
Common Financial Weaknesses and How to Overcome Them
Millennials have a lot to be proud of. They’ve built a solid financial foundation even as they’ve taken on new responsibilities and weathered economic uncertainties. As their lives and estates continue to grow in size and complexity, I encourage them to seek the advice of a qualified financial adviser who can guide them along the way with advice tailored to their unique situations, needs and goals for the future.
The 2023 research was created by Ameriprise Financial Inc. and conducted online by Artemis Strategy Group from January 19 to February 14, 2023 among 3,518 Americans ages 27–77. Millennial respondents have $25,000 or more in investable assets, and Gen X and boomer respondents have $100,000 or more. The sample is weighted on region and by generation on age, gender, race/ethnicity, assets, and income based on the Federal Reserve 2021 Survey of Household Economics and Decisionmaking (SHED). To ensure sufficient response sizes for additional analysis, Ameriprise oversampled investors who identify as millennials. For further information and details about the study, including verification of data that may not be published as part of this report, please contact Ameriprise Financial or go to
Ameriprise Financial and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation. 
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. 
Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.
Marcy Keckler is the Senior Vice President, Financial Advice Strategy and Marketing at Ameriprise Financial. She leads the overall strategy for financial advice at the firm, including the Ameriprise Client Experience and Confident Retirement programs. Marcy has been with Ameriprise Financial (formerly American Express Financial Advisors) for more than 25 years in a variety of positions in financial planning, marketing and interactive development.

The latest inflation data has all but guaranteed the Fed will hold interest rates steady for the time being.
By Karee Venema • Published
If you’ve ever had difficulty getting incorrect information removed from your credit report, you’ve got plenty of company.
By Sandra Block • Published
Parts of TCJA (also known as the Trump tax cuts) are set to expire by the end of 2025, so the sooner you act, the more options you’ll have to take advantage of today’s lower taxes.
By Martin Schamis, CFP® • Published
Small-business owner Jennifer found herself in a tough caregiving situation and doesn’t want to subject her family to that. What are her, and your, options?
By Stephen B. Dunbar III, JD, CLU • Published
The modern blended family has far more needs when it comes to estate planning than a traditional family. Here are some challenges, tips and solutions.
By John M. Goralka • Published
Doing everything right isn’t a guarantee, but knowing where it’s easy to go wrong can make a big difference when it comes to gaining an edge.
By Tory Reiss • Published
Legislation makes Roth accounts more enticing, and savers who mostly prefer to defer face tough decisions. How to choose?
By David Faulkner, CFP®, RICP® • Published
Before you retire, you should consider three non-financial essentials, such as who you are without your work, what your days will look like and who your friends are.
By Evan T. Beach, CFP®, AWMA® • Published
An honest conversation about spending, budgeting and debt could save you from financial headaches later in the relationship.
By Tony Drake, CFP®, Investment Advisor Representative • Published
Investors want ‘clear and understandable’ fees when it comes to their financial advisers, and while the AUM fee model can make sense, it’s not conflict-free.
By Pam Krueger • Published
Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
© Future US, Inc. Full 7th Floor, 130 West 42nd Street, New York, NY 10036.

Premium Domain Names:

A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.

Top-Level Domain Names for Sale on

If you are looking for top-level domain names for sale, you can visit is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.

Contact at

If you have any inquiries or need assistance regarding the domain names available on, you can reach out to them via email at Feel free to contact them for any questions related to the domain names or the purchasing process.

Availability on,, and

Apart from, you can also explore other platforms like,, and for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.

#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading

Leave a comment