Stock up on stocks and retire earlier

The day's numbers are displayed at the New York Stock Exchange on Feb. 25, 2020. In spite of the recent chill on markets, investors need to take on more risk, writes Rob Carrick.This is a hell of a time to tell people they need to take more risk with their retirement investing.

“Exposure to diversified equities over long periods of time will make employees more retirement ready,” said Jillian Kennedy, partner and leader of defined contribution and financial wellness at Mercer Canada. “If we had somebody who was saving 3 per cent [of their income] and they moved up to 5 per cent, it didn’t actually make as much of a difference as changing the way they invested.”

Mercer’s retirement barometer is based on analysis of roughly 1,000 workplace retirement savings programs, notably group registered retirement savings plans and defined contribution pension plans. In both of these programs, employees choose from a selection of investment options that are funded with their own savings and matching employer contributions.

globeinvestor Watching closely.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Warren Buffett says coronavirus doesn’t dampen his long-term support for stocksWarren Buffett says coronavirus doesn’t dampen his long-term support for stocks GlobeBusiness globebusiness That just sounds like someone protecting his money. globebusiness I'm buying millions of shares from hundreds upon hundreds companies. $520.00 for 1,000,000 shares of They had a strong end to 2018 with multiple commercial rooftops, and 33 carports underway.
Fuente: globeandmail - 🏆 5. / 92 Leer más »