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Month: March 2018

Retirement Expectations Versus Retirement Realities. There’s a large and troubling gap between the two

Retirement Expectations Versus Retirement Realities. There’s a large and troubling gap between the two

There exists a large and troubling gap between retirement expectations and retirement realities, according to the results of a recent online survey conducted by the Harris Poll on behalf of Prudential Insurance. [See “Planning Your Retirement? Expect the Unexpected” by Salene Hitchcock-Gear, Pres. Prudential Advisors] For starters, the average anticipated retirement age of pre-retirees was 65, while the actual retirement age of retirees was age 59–a six-year gap which is expected to widen into the future. Moreover, approximately half (51%)…

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The Dirty Dozen Retirement Savings and Investment Mistakes

The Dirty Dozen Retirement Savings and Investment Mistakes

I regularly review commentary, data, and analyses of respected financial advisors concerning retirement savings and investing. While they don’t all agree on everything, there exists a consensus around the most common retirement savings and investment mistakes. Here are the top “dirty dozen” mistakes (as I see them). 1. Holding a Large Portion of Your Savings in Just One or Two Stocks. Even if they are performing well today (or for years), if there occurs a major downturn in the companies’…

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