Voya Insights

Before parents tell their kids how they should plan for the future, they should be prepared with solid advice—advice they’ve incorporated into their own financial planning, regardless of which life stage they’re in.

Assuming that there is no change in a person's spending or professional income and assuming that they are spending less than they earn and doing something productive with it, then over a long period of time a person's net worth should start to accelerate. But what if it doesn't? Take a look a this case example to learn more.

It has been good – maybe too good – with a shift to an economy that has unleashed growth.