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5 Must-know Investing and Retirement Tips

5 Must-know Investing and Retirement Tips

(BPT) – Parents and grandparents typically pass down many things to the next generation – jewelry, furniture and other family heirlooms. But what if the best thing that the preceding generation passed along was their financial wisdom? Through years of investing and saving for retirement, Baby Boomers have experienced a lot and learned many helpful lessons along the way.

A recent survey from Capital Group(R), home of the American Funds(R) and one of the world’s leading investment management firms, studied the dynamics for Boomer investors as they transitioned into retirement. The survey revealed what expenses cause the most sticker shock for retired Boomers, why they retire earlier or later than they planned, how they see the financial markets performing over the next 10 years, and their goals for growing their retirement nest egg to ride out the market’s ups and downs.

Five Golden Rules From Retired Baby Boomers

Boomers have learned many lessons – some good, some bad and all beneficial to future generations of investors. Here are five rules that these seasoned investors found to be essential to saving for a secure retirement.

1) Stay invested for the long term – A large majority (92 percent) of retired Boomers say that Americans need to save more for retirement by getting and staying invested in the market. When asked about what they would do in fluctuating markets, only three in 10 (32 percent) would adapt their strategies based on market conditions.

2) Keep an eye on fees – Low fees and transparency really matter to Boomers. Ninety-four percent of retired Boomers want to be able to easily understand the fees they pay, and 78 percent stressed low-cost simple investments to buy and hold for the long term.

3) Diversify your portfolio – Eighty-five percent of retired Boomers believe that building a diversified portfolio is one of the most important elements for a safe path to a better retirement.

4) Protect yourself against market downturns –Health & Fitness Eight in 10 (80 percent) retired Boomers stress the importance of protecting their nest egg and lowering the risk of losses during market downturns. Thirty percent of Boomers wish that they had learned sooner what to do in turbulent markets – near the top of the list of lessons learned.

5) Start saving early and often – Eight in 10 (79 percent) retired Boomers believe saving a portion of monthly income toward retirement is one of the best things you can do, and 60 percent said they wished they had started investing as young as possible.

Unexpected Retirement Costs

Retired Boomers are surprised by their spending patterns and are paying more than expected on unanticipated items.

Health care tops the list in terms of surprise costs and unanticipated spending in retirement, with 43 percent saying they are spending more on health care than they had planned. Travel, an activity popular with retirees, is also more costly than expected, with 40 percent of retired Boomers spending more on travel than they anticipated. Rounding out the top five items: One-third (34 percent) report paying more in taxes than expected, and about a quarter say they are spending more than they had planned on food (25 percent) or utilities (23 percent).

While these surprise costs may exceed retired Boomers’ expectations, they are not losing sleep over their finances. Among Boomers who are already retired, less than one in three (27 percent) list having enough money for retirement as a top concern, while two-thirds (65 percent) of Boomers still working say it is a top concern.

Whether your ‘perfect retirement’ is traveling the country on a motorcycle, sitting by the pool all day or starting your dream second act, following these rules could put you on track to fulfilling your retirement dreams.

For additional findings and the full report, ‘Expect the Unexpected: Baby Boomer Lessons on Investing and Retirement,’ visit http://bit.ly/2y8rokm.


Brandpoint – Free Online Content

http://www.youtube.com/v/WEDIj9JBTC8?fs=1

* William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour.

WILLIAM ACKMAN, Activist Investor and Hedge-Fund Manager

We all want to be financially stable and enjoy a well-funded retirement, and we don’t want to throw out our hard earned money on poor investments. But most of us don’t know the first thing about finance and investing. Acclaimed value investor William Ackman teaches you what it takes to finance and grow a successful business and how to make sound investments that will get you to a cash-comfy retirement.

The Floating University
Originally released September 2011.

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Steven Pinker: Linguistics as a Window to Understanding the Brain http://www.youtube.com/watch?v=Q-B_ONJIEcE

Leon Botstein: Art Now (Aesthetics Across Music, Painting, Architecture, Movies, and More.)

Tamar Gendler: An Introduction to the Philosophy of Politics and Economics

Nicholas Christakis: The Sociological Science Behind Social Networks and Social Influence

Paul Bloom: The Psychology of Everything: What Compassion, Racism, and Sex tell us about Human Nature

Saul Levmore: Monopolies as an Introduction to Economics

Lawrence Summers: Decoding the DNA of Education in Search of Actual Knowledge

Douglas Melton: Is Biomedical Research Really Close to Curing Anything?

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

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Comments

    • Tarlan Tarlanian
    • December 12, 2017
    Reply

    Hey, if you're interested in stocks/investing, use my link to get a free stock from the professional brokerage app, RobinHood: https://t.co/GqelC9XzWi

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    • Natasha Lewis
    • December 12, 2017
    Reply

    Great video :). Thanks for sharing. Investing should be on everyone's top 5 list of actions to be taken to improve one's life. I also visited the website http://digijunction.com/investing/tashiboo

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    • jimmmaaay1
    • December 12, 2017
    Reply

    bill says he has no money.. coz he lost 2.5bn on VRX

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    • Manasa Chitturi
    • December 13, 2017
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    How come he has goodwill of 1000$ without any money..Can somene pls explain me…I understand that he came up with the idea of business…But how is it measured in terms of money (1000$)….Did he buy shares in his own company???

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    • December 13, 2017
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    • December 13, 2017
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    • OakhillSailor
    • December 13, 2017
    Reply

    Why is a "Bill" a "William"? Why do we accept these things without asking?

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    • Jonathon Rainey
    • December 13, 2017
    Reply

    I'm just now finding this video. I'm only 15 and still in high school and I'm very interested in investing and the world of business. I have saved $3,000 so far and my Dad is gonna give me $1,000 for i can start buying stocks in different company's. I'm glad i found this video because it's helping me understand more about the whole Investing thing. Also I'm reading a book called, "Investing for Dummies" Really good book. Very helpful.

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    • Lukas Anuciauskas
    • December 13, 2017
    Reply
    • Aziz Basry
    • December 13, 2017
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    Resonance-capital.eu!Finance Company Resonance Capital Group LP conducts business of buying and selling Penny Stocks on the US stock exchanges NYSE, NASDAQ, AMEX and …
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    • Dexter Washington
    • December 13, 2017
    Reply

    he could maybe afford second stand at some point in 2nd year using 250 plus extra sales and extra price but could not work out as he has outlined as could not buy the stand at start of second year with only 250. probably doesn't pay worker for a while

    View Comment

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