Matthew Stearns

Personal Finance, Retirement, Investing
“Matt Stearns recently founded Millennial Money Management in 2017. His fee-only independent RIA services the Meadville area, managing professional portfolios for millennials, retirees, and small businesses alike. ”

Millennial Money Management LLC

Job Title:

Founder, Chief Investment Officer


At the age of 18, I opened my first offshore brokerage account and began trading penny stocks from my freshman dorm room. From that moment my passion for trading and following the financial markets developed into a lifestyle. Now I build professional portfolios of the highest quality with zero conflicts of interest. I built my firm, Millennial Money Management LLC, to be completely independent of Wall Street. In doing so I am able to offer every client the most professional investing experience -- one that utilizes the entire investment marketplace, rather than just a handful of commissioned mutual funds. In addition, I am able to choose from the industry's most cutting-edge technology allowing me to reduce fees, increase performance, and set client expectations in a way that has never been done before.

Outside of managing money, I am an avid golfer, hunter, and outdoorsman. In 2016 I had the great pleasure of hiking the entire Pacific Crest Trail with my brother Scott as we traversed the entire west coast mountain ranges from Canada to Mexico.


BS/BA, International Business/German, Washington & Jefferson College

CRD Number:


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    Retirement, Retirement Savings, 401(k)
As a college graduate with a new job, how should I structure what I do with my income?

I'm with you here, bud. I recently graduated college with the same debt load and roughly the same income as I began to build my investment advising practice. First thing I would do is look to see if you can refinance your student loans/consolidate them. Even if it is not advantageous to refinance, you may be able to consolidate and extend your payback period, thus reducing your loan bill every month. If the interest rate is reasonable I advise doing this as it frees up the capital needed at your age in order to save up for bigger life changes (family, car, new job) or simple things like moving out of mom and dad's house. Remember, if you find yourself in a better place financially you can always increase your loan payments. Nothing stopping you there. But, on a relatively low wage, I would not suggest you funnel every penny to your student loans. Depending on your frugality, it could take years and at the end you will be left with no savings.

Do yourself a favor and try to pay them down a little, but also save a little too. This will at the very least give you options. If your company offers a 401k contribution match, then take advantage of that to it's fullest. Otherwise, save it up and once you have more than you feel that you need on hand, then consider opening up an IRA/Roth IRA (probably will want a Roth, but consult an advisor).  

I know debt is a gray cloud, but if the interest isn't aggressive, do yourself a favor and free up that capital to give yourself options in the future. At your age, you have a lot of freedom and options. I like to keep those options open.

That's my two cents.


2 days ago
    Asset Allocation, Bonds / Fixed Income, Stocks, Starting Out
Is it too early to start a portfolio for my one-year-old child, and would it be better to start off with a stock or a bond?
2 weeks ago
    Personal Finance
Which credit card should I cancel?
3 weeks ago
    Debt, 401(k), Choosing an Advisor, IRAs, Mutual Funds
How should I invest my extra income?
last month
Will paying off my credit card debt with a personal loan improve my credit score?
last month