Why You Might Be Working To Age 75

75 is becoming the new 62 for millennials

There has been a shift in our education base and now just having an undergraduate degree is not good enough to get a job you might want.? The high unemployment rate from the Great Recession caused a lot of people to stay in school for graduate degrees vs attempting to get a job.? This means millenials today have more student loans than ever before.? To compound the problem if someone is paying down debt that means they are not saving money to buy a home or plan for retirement.

Learn how to avoid retiring at 75.

But you cannot invest like grandma if you want to retire as young as she did. Young people need to be fearless, which often means putting the vast majority of assets into stocks.

?They lived through a very turbulent financial period when they saw their parents finances hurt by the (credit) crisis,? Ramsey says. ?They are shell-shocked by the market and keeping their cash in savings accounts.?

There are a number of ways to avoid retiring later in life.? Contributing to a 401k or IRA to build your nest egg is the first step.? Another is to get over your fear of investing using the resources of the internet.? There are robo-advisors that will balance your portfolio for you so you can set up a deposit every month and forget it. ?There are also websites like Acorn where you can invest your spare change in the market.? The bottom line is the more you save the earlier you can retire.

Learn the keys to retiring early in life.