3 mistakes not to make with your retirement savings, from people who have already retired - Business Insider

From keeping their portfolios invested too heavily in the stock market, to simply starting too late, these three retirees share the mistakes they've made and seen that could have affected their retirement. Dirk Cotton, a former AOL employee, retired between the dot-com bubble burst and the start of the Great Recession.

"A lot of people had 100% percent equities when they were saving for retirement, and lost over 50% in a very short period of time," he said. to figure out the right balance for their portfolio. "Find a good financial planner or retirement planner," he said, "and begin to taper off your equity allocation, aiming towards 40% or 50% when you retire.", who retired at 65, didn't think much about retirement when he was younger. "I got a late start.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

How to recession-proof your retirement savings, from real retirees - Business InsiderAfter weathering the great recession, three retirees share their advice for keeping your portfolio strong and your retirement plans possible.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

After 23 years, life insurance is still the best purchase I've made - Business InsiderWhen our youngest daughter died, her $10,000 life insurance benefit meant we didn't have to worry about money while grieving.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »