Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Why it's actually harder for millennial clients to save Millennials should start retirement savings as early as possible to combat the rising cost of education and climbing home prices, according to CNNMoney. One Moody’s Analytics study shows clients under 35 are the only age group with a negative savings rate. "Millennials are hit with a tough combination of obstacles their parents didn't face," says Daniel Mahoney, president of True Square Financial in Atlanta. A 401(k) plan works because of tax deferral on contributions and employer's match, according to experts. They can also use a Roth IRA. While millennials don't get upfront tax deductions on the contributions, their savings grow tax-free and they can withdraw the principal without owing any taxes in retirement. They will also face no penalty if the account exists for at least five years.

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