that investing during a recession is an "opportunity," saying, "when the markets go down ... that really just means everything is on sale."
Dirk Cotton retired at 52 in 2005, just before the Great Recession. "About 10 years before retirement, start tapering down to end up when you retire with about 40% to 50% equity allocation. Before that 10 years begin, you should probably be somewhere in the 70 to 80% range," Cotton said. "We weren't prepared. Had a recession not happened, we would have kept working," Cynthia said. As that wasn't an option, they had to change their plans.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
High-yield savings accounts are the first step to start managing money - Business InsiderI tell friends and family who ask for help managing their money that the easiest way to make a big impact is to open a high-yield savings account.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
How much you'd save for retirement by investing student loan payments - Business InsiderCan you imagine what your student-loan payments would look like if you were able to save them for retirement? Business Insider did the calculations. Or how much weed you could buy? It’s called a loan with a signed contract.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
The 4-pronged approach that helped a real estate agent make 6 figures - Business InsiderDespite getting into real estate during the financial crisis, Minneapolis-based real estate agent Heather Foss came out the other side thriving.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
I saved over $17,000 in 2019 thanks to a 2-part strategy that works - Business InsiderI save for retirement by putting some of my pretax salary into a 401(k) and I save for current goals by making auto-deposits into high-yield savings.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Agency founder explains why he sold his business to Wix - Business InsiderA top Israel ad exec explains why he sold his agency to Wix — and why holding companies will die if they can't get closer to their customers
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »