Retirement planning is a subject full of irony: the younger you are when you start investing for it, the more likely it is that you’ll retire with plenty. But when we’re young, we tend to care the least about retirement. Most people under 40 years old don’t even think much about it. Life has more urgent priorities than thinking about how to slow down.
But after 50 years old, we start waking up at night worrying, “Will I ever be able to stop working one day?” Taking action without the benefit of 20-30 years of time on your side is like swearing off steaks as you’re being wheeled into the operating room for a triple bypass: too little, too late.
Since April 15th was the deadline for making yearly IRA contribution, the finance writers were dolling out plenty of advice and ideas on retirement. Neil Weinberg of Forbes guides us how to figure out one’s asset allocation in his article Asset Allocation -The Key to Building A Big Nest Egg. His advice is very useful and his guidelines are similar to how MarketRiders online portfolio manager software works. Other articles worth reading are found in the Wall Street Journal and the Washington Post, they both feature articles on ways to figure out how much you’ll need to retire.
Saving is the first step. Smart investing is the second. A recent MarketRiders study on how fees can devastate an IRA portfolio has been generating a lot of interest. The study reviews three scenarios showing how a 35 year old can diligently contribute $4000 per year to his IRA, but end up losing $1 – $1.5 million over 40 years, just because of fees.
After you read this week’s articles, please fund your IRA this year. You’ll be glad you did!
Quasar Aerospace Industries, Inc. CEO Announces New Joint Venture and Schedules Closing of Acquisition #3
JACKSONVILLE, FL--(Marketwire - April 30, 2010) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
Arthur Hill: FINANCE SECTOR FEELS THE HEAT – TECH ETF BOUNCES OFF SUPPORT – SEMIS TEST SUPPORT- NEW HIGH IN AD LINE AFFIRMS BULL-RUN – AD LINE BEARISH DIVERGENCE PRECEDED 2007 PEAK – CORPORATE BONDS OUTPERFORMING TREASURIES – JUNK BOND ETF HITS NEW HIGH[[http://stockcharts.com/members/videos/|Link for today’s video.]] With Goldman Sachs under the congressional microscope, the finance sector has been under pressure the last two weeks. The S&P 500...
Chicago-Based Madison Dearborn Partners, LLC to Become Majority Shareholder in TransUnion Corp. in Partnership With the Pritzker Family
CHICAGO, IL--(Marketwire - April 29, 2010) - TransUnion, a global leader in credit and information management, announced today that the Pritzker family business interests have reached an agreement with Chicago-based Madison Dearborn Partners, LLC. Under the terms of the agreement, Madison Dearborn Partners will acquire a 51 percent equity stake in TransUnion. The Pritzker family business interests will retain approximately 49 percent ownership of the Company.
John Murphy: GOLD MINERS INDEX SHOWS NEW LEADERSHIP — NEWMONT AND SILVER WHEATON NEAR MAJOR UPSIDE BREAKOUTS — MINERS BULLISH PERCENT INDEX ON BUY SIGNAL — ENERGY BPI IS CLOSE TO ONE — MOVING AVERAGE SUPPORT HAS HELD SO FAR FOR THE EFA AND NYSE INDEXESThree Thursdays ago (April 8), I wrote about the upturn in the price of gold and gold stocks. At the time, gold was breaking through a bullish "neckine" in a head and shoulders bottom while the...
BEAVERTON, OR--(Marketwire - April 29, 2010) - Tektronix, Inc., a leading supplier of test, measurement, and monitoring products and solutions, today completed the acquisition of SyntheSys Research, Inc. The details of the transaction were not disclosed.
TAMARAC, FL--(Marketwire - April 29, 2010) - AcuMedSpa Holdings, Inc. (
Symantec to Offer Broadest Data Protection Capabilities With Acquisition of PGP Corporation and GuardianEdge
Making Data Protection More Intelligent, Policy-Driven and Easy-to-Manage While Ensuring Information Is Protected at Rest, in Use and in Motion