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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Start opening your retirement account statements

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BusinessInsider - 🏆 729. / 51 Read more »

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.
Source: BusinessInsider - 🏆 729. / 51 Read more »