We’re on the threshold of a new era as the first Baby Boomers move into their sixth decade. The generation that ushered in “the single greatest demographic event in U.S. history” has often been compared to the proverbial bulge in the python.
What once were legions of children squirming in child-sized desks and learning the fine art of handwriting are now active seniors who sport more than a few gray hairs. With such a large cohort simultaneously planning for retirement (and looking forward to it, no doubt!), some Boomers may worry about a shortfall in income after retirement.
Relax, soon-to-be seniors: It’s not too late to incubate that nest egg and still reap a tidy sum in the process. The key is a willingness to make shifts in your investment strategy.
Keep in mind there are two typical approaches in retirement planning. In the first approach, the investor takes a conservative tack and invests in stocks and bonds, with an eye towards a slow and steady accumulation of capital that occurs over an extended period of time. In the second approach, those who failed to save a sufficient amount of money may look to vigorous – and perhaps risky – trading, with the hope of making up for lost time.
As it turns out, there’s a third approach to the retirement planning. You can make money from managing the trade, instead of simply trading and selling stock and making money from the actual trade itself. Consider learning the ins and outs of options trading. It could spell an entirely new future for you.