Today, we’re bringing you an article with advice for those between the ages of 55-65 and what actions you need to be taking. One piece of advice was to be familiar with your net worth, “for retirement, tracking starts with a net worth statement. This a list of what you own, minus what you owe. You’ll want to update it each and every year.” To read more, CLICK HERE.
Being confident in your retirement seems to be a thing of the past. Check out this scary statistic from today’s article, “Only 28% of U.S. workers are “very” or “extremely” confident that they’ll one day fully retire with a comfortable lifestyle; a third are somewhat confident.” To read more, CLICK HERE.
More good news from the stock market. Here’s a quote from today’s article, “This marks the 12th record close of the year for the broad average, which ended at a previous all-time high of 1,900.5 on Friday. The Dow is now within striking distance of its record closing high of 16,715.4 that was set earlier this month, although it closed about 40 points below that level.” To read more, CLICK HERE.
Today we bring you an article that explains why many Americans may not be able to save for retirement. Here’s a quote, “currently, about half of U.S. private sector workers don’t participate in a retirement plan and most of them have lower incomes. The low participation rate is a growing concern because of the widespread shortfall in private savings in the U.S. and modest Social Security benefits for most retirees.” To read more, CLICK HERE.
Trying to plan for your retirement can seem impossible and making the perfect plan is imperative because you don’t want to be stranded in the future. Today’s article helps you prepare and avoid common mistakes like having no idea what you might spend during retirement, “The LearnVest Money Center is one tool that can help you keep tabs on your spending because it records and categorizes your daily financial transactions. But if you’d prefer to use the old pen and paper method, write down every regular expenditure you currently have, large or small, to figure out where your take-home pay is going on a regular basis.” To read more, CLICK HERE.
You might be surprised but check this out, “over the past year, the S&P 500’s health-care sector is up 19 percent, and it’s up nearly 2 percent in the past 30 days alone.” That’s a quote from today’s article about the health-care sector doing quite alright. To read more and find out why, CLICK HERE.
Find out why the author of today’s article had to learn this, “the lesson I learned is that it is worth paying up (within reason) to own the very best companies with the very best growth prospects. A high rate of growth can quickly make an expensive looking share price appear like a real bargain.” To read more, CLICK HERE.
Today we’re bringing you an article that will suggest two stocks that you may want to add to your retirement portfolio. Here’s a quote, “before retiring, the goal is to accumulate wealth. This is often done by favoring growth stocks and having dividends automatically reinvested into the underlying security. After retirement, by contrast, the purpose is to replace lost income by investing in dividend stocks, bonds, and other income-generating alternatives.” To read more, CLICK HERE.
Today, we’re bringing you a neat article that can help you decide whether you will have enough saved up for your retirement with their retirement calculator. Here’s what they had to say, “From 2010 to 2012, partial target date fund users earned a median of 2.1% less each year, after fees were taken into account, than those in the same age group who invested at least 95% of their portfolio in an appropriate target-date fund.” To check out the article and retirement calculator, CLICK HERE.