Investment conversation for the holidays

Some good advice from the Wall Street Journal

If you plan to spend some time with your adult children during the holidays, point them to a new report from T. Rowe PriceTROW +1.55% the Baltimore-based mutual-funds company. In a survey of investors ages 21 to 50, researchers found that such individuals have laudable goals—72% said saving for retirement is their top financial priority—but a poor understanding of how to reach them. Many advisers recommend saving at least 15% of annual income, but about two-thirds of those ages 21 to 50 with access to a 401(k) are contributing 10% or less of their salaries to their accounts. Young investors also might be overly cautious: Fully 37% said they are refraining from investing in stocks. So go ahead: A little dinner conversation about planning for the future never hurts.

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