Retirement Planning Steps
You Must Take!
Posted by Steven Gillespie
20th January 2022
If you have nothing in your retirement savings account, you’re not alone.
According to Bloomberg, you’re in the same boat as 41% of American adults
who have saved nothing for their retirement years.
But it’s never too late to start planning, so here are some tips:
Understanding the time horizon
Retirement strategies are very personalized and vary from one individual to another.
Your retirement strategy depends on the difference between your current age and the expected retirement age. The lower the
difference, the lower is your ability to take risks. If you’ve got a lot of years remaining till you hit the retirement age, your portfolio
can withstand greater risk.
It’s suggested that individuals who have 30 years remaining until they retire should invest in risky assets, such as stocks. Although
stocks are highly volatile and derive their value from a speculative market, they generally tend to outperform bonds and other
securities over longer timeframes.
On the other hand, if you’re older, your primary investment objective should be the preservation of capital. In this case, securities
such as bonds won’t necessarily give you high returns but will ensure a consistent stream of income to keep your expenses going.
Your retirement strategy depends on the difference between your current age and the expected retirement age. The lower the
difference, the lower is your ability to take risks. If you’ve got a lot of years remaining till you hit the retirement age, your portfolio
can withstand greater risk.
It’s suggested that individuals who have 30 years remaining until they retire should invest in risky assets, such as stocks. Although
stocks are highly volatile and derive their value from a speculative market, they generally tend to outperform bonds and other
securities over longer timeframes.
On the other hand, if you’re older, your primary investment objective should be the preservation of capital. In this case, securities
such as bonds won’t necessarily give you high returns but will ensure a consistent stream of income to keep your expenses going.
Understanding the time horizon
Retirement strategies are very personalized and vary from one individual to another.
Your retirement strategy depends on the difference between your current age and the expected retirement age. The lower the
difference, the lower is your ability to take risks. If you’ve got a lot of years remaining till you hit the retirement age, your portfolio
can withstand greater risk.
It’s suggested that individuals who have 30 years remaining until they retire should invest in risky assets, such as stocks. Although
stocks are highly volatile and derive their value from a speculative market, they generally tend to outperform bonds and other
securities over longer timeframes.
On the other hand, if you’re older, your primary investment objective should be the preservation of capital. In this case, securities
such as bonds won’t necessarily give you high returns but will ensure a consistent stream of income to keep your expenses going.
Your retirement strategy depends on the difference between your current age and the expected retirement age. The lower the
difference, the lower is your ability to take risks. If you’ve got a lot of years remaining till you hit the retirement age, your portfolio
can withstand greater risk.
It’s suggested that individuals who have 30 years remaining until they retire should invest in risky assets, such as stocks. Although
stocks are highly volatile and derive their value from a speculative market, they generally tend to outperform bonds and other
securities over longer timeframes.
On the other hand, if you’re older, your primary investment objective should be the preservation of capital. In this case, securities
such as bonds won’t necessarily give you high returns but will ensure a consistent stream of income to keep your expenses going.
Understanding the time horizon
Retirement strategies are very personalized and vary from one individual to another.
Your retirement strategy depends on the difference between your current age and the expected retirement age. The lower the
difference, the lower is your ability to take risks. If you’ve got a lot of years remaining till you hit the retirement age, your portfolio
can withstand greater risk.
It’s suggested that individuals who have 30 years remaining until they retire should invest in risky assets, such as stocks. Although
stocks are highly volatile and derive their value from a speculative market, they generally tend to outperform bonds and other
securities over longer timeframes.
On the other hand, if you’re older, your primary investment objective should be the preservation of capital. In this case, securities
such as bonds won’t necessarily give you high returns but will ensure a consistent stream of income to keep your expenses going.
Your retirement strategy depends on the difference between your current age and the expected retirement age. The lower the
difference, the lower is your ability to take risks. If you’ve got a lot of years remaining till you hit the retirement age, your portfolio
can withstand greater risk.
It’s suggested that individuals who have 30 years remaining until they retire should invest in risky assets, such as stocks. Although
stocks are highly volatile and derive their value from a speculative market, they generally tend to outperform bonds and other
securities over longer timeframes.
On the other hand, if you’re older, your primary investment objective should be the preservation of capital. In this case, securities
such as bonds won’t necessarily give you high returns but will ensure a consistent stream of income to keep your expenses going.