Experts weigh in: Here’s when you should reach key financial milestones
“A far as long-term savings, that’s not a viable strategy to me,” says Donovan Brooks, a certified financial planner in Saint Joseph, Missouri. “Based on probably the retirement lifestyle that they have in their mind, cash likely isn’t going to get them to where they need to be long term, unless they have a large income and they’re putting away a ton of money and they envision a very minimal, inexpensive retirement lifestyle.”