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Why 16-year-olds may want to start saving for retirement

Higher education has led to increased student debt, according to the Wall Street Journal, which comes as the Senate Finance Committee heard testimony last week about lowering the retirement savings age to 16-years-old. Yahoo Finance's Zack Guzman and Brian Cheung are joined by Michelle McKinnon, Payne Capital Management Senior Financial Adviser, and Chris Carosa, “From Cradle To Retirement: The Child IRA” author, to discuss.