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FoxBusiness.com: Retirement Planning in Your 20s: A Must Do

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As VP of Brand + Creative for Ubiquity, Sylvia is a creatively driven entrepreneur with an unprecedented passion for the written word. With over 22 years in marketing and advertising and titles ranging from Director to CMO, Sylvia has worked with mega giants including Intel, Microsoft, IGN Entertainment, Activision, and Apple. She has also worked on projects with Jack Johnson, Mariah Carey, Denise Richards and YMCMB’s Lil’ Wayne and Birdman. Most recently, Sylvia co-produced Broken Eggs, the hard-hitting, feature-length documentary about the looming retirement crisis in America.

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December 16, 2011 at 9:14 pm
Press

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What's Your Future?
For young adults in their 20s, retirement seems light years away. And for many, they aren’t in the financial position to sock away a good portion of their paycheck for something that doesn’t occur for at least three decades. Incomes are low, debts tend to be high.

But this young generation should take heed from the current baby boomer generation that, for the most part, has saved nowhere near the amount they need to retire. More than half of all workers report they have less than $25,000 in savings, according to a survey by the Employee Benefit Research Institute. This shortfall should serve as a reminder that planning for retirement should start early to build up an ample financial cushion along the way.

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