A recent survey indicated an inordinate number of millennials prefer "safe" investments. Many have speculated as to why this is so (see "Time for Naïve 401k Millennials Opting for "Safe" Investments to Stop Hurting Themselves," FiduciaryNews.com, July 14, 2015). I think I've figured out the real reason…
Shortly after graduating from college, and shortly before they closed it down forever, my best friend Angelo and I decided to visit our old elementary school. We spent the first three years of our public education within the walls of the former one-room school house called Big Tree Elementary. My father went there when he was a kid. I'm not sure that particular legacy accrued to my tenure, and I didn't think it would matter since it had been more than a decade since I last entered those concrete block corridors.
So imagine my surprise when my second grade teacher spotted me walking among the munchkins in the hallway. That she recognized me was plausible. That she treated me like the returning prodigal son was kinda unexpected. I don't know how many alumni returned to Big Tree. I also didn't know of the school's imminent closure. Nonetheless, the experience took on a more or less surreal aura.
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
