Everyone knows that the first step to building a retirement nest egg is to make the most of your 401(k) (if you have access to one) by either maxing out your contribution or at least contributing enough to get any employer match. But Grant Cardone isn’t everyone. The self-made millionaire and author of the new book Be Obsessed or be…
Senior citizens are leaving millennials in the dust – at least when it comes to the returns on their portfolios. Today’s article highlights data from TD Ameritrade which shows that, while “there is a high overlap between the top 10 holdings of the millennial generation, Generation X, baby boomers and senior citizens…there’s also enough divergence that the gains of seniors…
Zero. That is where investment advisory firm Research Affiliates places the chances of a typical balanced fund of 60% stocks and 40% bonds earning 5% or more in the next 10 years. Given that many retirement calculators use a default annualized long-term expected return of 6% or higher, the author of today’s article cautions that people saving for retirement based…