Investment Updates
Are You Still On Target For A Secure Retirement?
Published Tuesday, July 18, 2017 at: 7:00 AM EDT
If you've been paying attention to the experts, you dutifully have set aside and invested money to provide income during your retirement years. With those savings earmarked for retirement, and what you can expect to receive from Social Security, pensions, and other sources, you figure to be in good shape. But is it enough?
The conventional wisdom is that you need to replace somewhere between 70% and 80% of your pre-retirement income in order to live comfortably during retirement. However, life expectancies are continuing to increase. For instance, a woman who expects to retire in 20 years at age 67—the current age for receiving full Social Security benefits—now has a life expectancy of more than 20 years after retirement. Your savings may have to last through much of a third decade of retirement.
Fear not. If you haven't retired yet, there's still time to take action. Here are five practical suggestions to consider:
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- Stronger Than Expected Jobs Creation But CNBC Reports "Trouble Lurked"
- S&P 500 Returned 2.9% In 2nd Quarter And 9.2% In First Half Of 2017
- Despite Distractions, Demographics Are Poised To Drive U.S. Long-Term Growth
- Live Longer And Prosper In Your Golden Years
- The Federal Reserve's Historic Economic Experiment Entered A New Phase
- Despite The Washington Sideshow, Stocks Closed At A New All-Time High
- Confronted By Major Political Crisis, The U.S. Financial System Barely Blinked
- 5 Ways That Can Help You Pay For Higher Education
- Passing Down IRA Assets? Clue In Family Members
- Should You Fly Solo In Your Own 401(k) Plan?
- Despite The Circus In Washington, Stay Focused On Economic Fundamentals
- Trump Victory On Health Care And Strong Economic Data Push Stocks To New All-Time High
- Why Weaker GDP Is Being Greeted With A Yawn
- 17 Midyear Tax Moves You Still Can Make In '17
- Seven Smart Money Moves You Should Make In 2017