Retirement planning may seem to be a daunting task, especially considering the financial uncertainties around the globe.
Investors are seeing their capital vanish during a recession likely made worse by the government shutdown. For example in May 2012, the Dow Jones industrial average fell about 1,000 points, according to AARP.
While planning financially for your retirement during this troublesome time may seem intimidating, the first step to take is a look at what burden your future bills may put on your income stream. Investing in stocks may be a good idea for people in their mid-30s, but if you’re in your 50s or 60s – you may need a more secure form of financial planning.
There is a reason for those stock-market terms “bear” and “bull market. “The stock market tends to drop with regularity and then recover over time. If you are closer to retirement, the best thing to do right now is to keep putting money away in your 401(k) or other retirement plan. Statistics show that
people who left the stock market during the 2008 downturn gained an average of 2 percent through June 2011.
The online magazine Today reported on a poll that shows many older workers are delaying retirement right now. In addition, 82 percent of employees 50 years old and older said that they would work for pay at least some of the time during their retirement. Increasing lifetime spans are also making an impact on the timing of when the average American chooses to retire.
There is no pathway that could lead to a more fruitful life, if you’re willing to “go back to school.” We offer an DVD training course on how to move into what can be a lucrative field: Options trading. Learn at home at your convenience and get a head start on your future.