When it comes to investing in retirement, people with the same savings and the same withdrawal strategies can have very different outcomes. Money columnist, John Waggoner, gives advice on investing in retirement – diversify and don't put everything in stocks.
Although stocks have tanked lately, your 401(k) is safe, says the Huffington Post contributor Ben Walsh. A short-term drop in the value of your account doesn't automatically lose you money. To really lose money from your 401(k), your account has to fall in the long-term with the tax benefits considered. Read more.
Almost half of American investors surveyed by the Wells Fargo/Gallup Investor and Retirement Optimism Index said they are concerned about outliving their savings. According to the survey, 50 percent of non-retired and 36 percent of retired investors are worried about running out of money and becoming completely dependent on Social Security checks. Read the full article here.
New data has shed light on alarming investment decisions that people in their 50s and 60s are making for retirement. According to a recent article on NextAvenue.org, of the “consistent traditional Individual Retirement Account (IRA) investors” that are in their 50s, about one third have 100 percent of their IRA money in stocks. And for […]
