Americans of all ages said their biggest financial regret was not saving for retirement earlier, one survey found. We have a guide for how your finances should look in your 60s:
Larry Marfise, the athletic director at the University of Tampa, was just starting his career when he decided it was important to begin saving for retirement — he saw older people who never got to follow their dreams to travel and enjoy their later years, and he didn’t want that to happen to him.
“At this age, it relieves a lot of pressure and tension,” Marfise said. “We don’t have to worry about eating cat food and other things you hear people doing to survive.” The landscape of the retirement years has changed as well — traditionally, you would expect most people to retire between 62 and 65 years old, but these days people are working through those years, said James Nichols, head of consumer solutions group at New York-based financial services firm Voya Financial. Sometimes, that’s because they never had the opportunity to save for retirement when they were younger.
And 60-somethings should reconsider the general rule of thumb, that as you get older your portfolio mix should favor bonds and forget stocks. Though how much risk you can tolerate absolutely matters — you should be able to sleep well at night without worrying about the stock market — following the general rule of thumb of downgrading equities simply because of your age could be counterintuitive to your long-term investing goals, especially as more people live longer than they did decades ago.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Brothers raise money to help students afford to attend HBCUsThree brothers are working to create endowments to help students afford to attend historically Black colleges and universities.
Consulte Mais informação »
I Would Pay Literally Any Amount of Money for a Sweater Knit by Olympian Tom DaleyStock him already, Lisa Says Gah.
Consulte Mais informação »
History-Making Olympian Uses Prize Money To Buy Her Mom A Food TruckWrestler Tamyra Mensah-Stock will use her Gold Medal earnings to make her mother's lifelong dream come true.
Consulte Mais informação »
Bella Hadid Rocked Orange “Money Piece” Highlights & Chunky Layers For A Night OutWho else but BellaHadid could pull off these layers?
Consulte Mais informação »