Lack of Retirement Funds will become a problem of Epidemic proportions for decades possibly Generations. Thats scarey!
As is my profession, (Investment Advisor) I constantly stay up on Industry news as well the cause and effect.
Apparently 33% of Americans have NO Retirement Savings-The less developed nations, like here, the numbers are too shocking to report. If you're one of the smart/lucky ones who have a plan, or company provides one-You need to increase your contributions by at least 1% per year.
Todays recommendations regarding what we should invest, are; If your in your 20s then 10%of gross income-if 30s then15% of gross--40s then 25%, if 50s, you better get agressive and hope for the best, unless you've had great successes.
Sadly this important concept is usually dismissed all together or put behind the purchases of fancy cars and weekend getaways.
Nothing worse than seeing people who have worked hard for 45 years, living in poverty during the later years in life. Myself and girlfriend always give our leftovers and pocket change to the unfortunate ones, living in the streets!
For those who may be asking, yes, I am a paid advertiser on the dr1.com
St. James International Independent Investment Brokers - Investment - Santo Domingo, Dominican Republic.
As is my profession, (Investment Advisor) I constantly stay up on Industry news as well the cause and effect.
Apparently 33% of Americans have NO Retirement Savings-The less developed nations, like here, the numbers are too shocking to report. If you're one of the smart/lucky ones who have a plan, or company provides one-You need to increase your contributions by at least 1% per year.
Todays recommendations regarding what we should invest, are; If your in your 20s then 10%of gross income-if 30s then15% of gross--40s then 25%, if 50s, you better get agressive and hope for the best, unless you've had great successes.
Sadly this important concept is usually dismissed all together or put behind the purchases of fancy cars and weekend getaways.
Nothing worse than seeing people who have worked hard for 45 years, living in poverty during the later years in life. Myself and girlfriend always give our leftovers and pocket change to the unfortunate ones, living in the streets!
For those who may be asking, yes, I am a paid advertiser on the dr1.com
St. James International Independent Investment Brokers - Investment - Santo Domingo, Dominican Republic.