Are Vehicle Costs Blocking the Road to Retirement? Logically, investing tens of thousands of dollars toward retirement may make more sense than adding an equivalent amount of consumer debt here and now. Practically, though, we need a good car or truck, and emotionally, we get a kick out of driving something new. So, we buy […]
Retirement In Sight: Are Vehicle Costs Blocking the Road to Retirement?
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Monthly Economic Update
U.S. Markets Stocks dropped in September as investors worried about stalled fiscal stimulus talks in Washington, the upcoming election, and new coronavirus cases in Europe. The Dow Jones Industrial Average, which lagged this year, slipped 2.28 percent. The Standard & Poor’s 500 Index lost 3.92 percent and the Nasdaq Composite declined 5.16 percent.[1] Tech Stocks […]
Retirement In Sight: Could You Retire at 55?
Could You Retire at 55? Suppose you suddenly had to, or the opportunity presented itself. This prospect would not call for disregarding your carefully considered retirement strategy, but it would create some challenges. Social Security, Medicare, and popular retirement accounts were all created with the assumption that Americans would need retirement benefits and sources of […]
Monthly Economic Update
U.S. Markets Stock prices surged in August as investors cheered positive news of a potential COVID-19 treatment and welcomed a monthlong succession of upbeat economic data. The Dow Jones Industrial Average rose 7.57 percent, the Standard & Poor’s 500 Index climbed 7.01 percent, and the Nasdaq Composite soared 9.59 percent.[1] Solid Foundation The month’s foundation […]
Monthly Economic Update
U.S. Markets Stock prices rallied in July as further development of a COVID-19 vaccine and better-than-expected corporate financial reports encouraged investors. The S&P 500 gained 5.5 percent, while the Nasdaq Composite picked up 6.8 percent. The Dow Industrial Average, which has lagged much of the year, rose 2.4 percent.[1] Confident Investors Stock prices started the […]
Retirement In Sight: Figuring Out When to Start Your Second Act
Figuring Out When to Start Your Second Act Many Gen Xers and baby boomers look forward to retiring on their terms. In such a circumstance, a key question becomes when to walk away from work. According to the Center for Retirement Research at Boston College, the average retirement age is now 65 for men and […]
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Retirement In Sight: Has the Pandemic Affected the Retirement Mind-set?
Has the Pandemic Affected the Retirement Mind-set? Each year, the Transamerica Center for Retirement Studies surveys baby boomers, Gen Xers, and millennials to gauge their perceptions about retiring. The 2020 survey, conducted in April, studied the impact of the COVID-19 pandemic and how it may have affected their outlooks. Overall, 53% of respondents said that […]
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Monthly Economic Update
U.S. Markets Stock prices climbed higher in June, as investors looked beyond an increase in COVID-19 cases and reports that several states would slow the pace of economic reopening. The Dow Jones Industrial Average gained 1.69%, while the Standard & Poor’s 500 Index tacked on 1.84%. The Nasdaq Composite, already up 6.75% in May, rose […]
Retirement In Sight: You Might Spend Less—Later in Retirement
You Might Spend Less—Later in Retirement A 2019 white paper by the Employee Benefit Research Institute (EBRI) indicates that Americans tend to spend less as they age. EBRI analyzed a study from the University of Michigan, which tracked spending levels of Americans age 50 or older for 12 years. Looking at this data, EBRI found […]
Monthly Economic Update
U.S. Markets Stocks rallied in May, sparked by a supportive Federal Reserve, stories of states re-opening, and reported progress on a COVID-19 vaccine. The Dow Jones Industrial Average rose 4.2%, while the Standard & Poor’s 500 Index picked up 4.5%. The NASDAQ Composite led, gaining 6.7%.[1] Shift in Focus April’s positive momentum continued into May, […]
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