Stocks and Investing Stocks and Investing
Tue, December 10, 2024
[ Tue, Dec 10th 2024 ] - Insider Monkey
10 Worst ARK Stocks To Buy According to Short Sellers
[ Tue, Dec 10th 2024 ] - Investopedia
Is a 5.00% CD Better Than Investing With a Broker? Key Factors to Consider
[ Tue, Dec 10th 2024 ] - Insider Monkey
10 Best Bank Stocks To Invest In For the Long Term
[ Tue, Dec 10th 2024 ] - Insider Monkey
8 Most Undervalued Natural Gas Stocks To Buy According To Analysts
[ Tue, Dec 10th 2024 ] - Investopedia
Top Stock Movers Now: Boeing, Alaska Air Group, Alphabet, Oracle, Ebay, and More
[ Tue, Dec 10th 2024 ] - The Hill
Stock market today: Despite Oracle's drag, Wall Street drifts as it waits for inflation data
[ Tue, Dec 10th 2024 ] - MSN
3 Stocks Can Help You Get that Right Heading Into 2025
[ Tue, Dec 10th 2024 ] - Kiplinger
Why MongoDB Stock Is Down After Its Beat-And-Raise Quarter
[ Tue, Dec 10th 2024 ] - Associated Press
Stock market today: Wall Street drifts as it waits for inflation data
[ Tue, Dec 10th 2024 ] - AOL
Better Quantum Computing Stock: Rigetti Computing vs. IonQ, Inc.
[ Tue, Dec 10th 2024 ] - MSN
Brokers Suggest Investing in SkyWater Technology (SKYT): Read This Before Placing a Bet
[ Tue, Dec 10th 2024 ] - MSN
Invest in your favourite companies for less with partial shares
[ Tue, Dec 10th 2024 ] - Business Insider
Stock market today: Indexes trade mixed as rally wavers ahead of key inflation data
[ Tue, Dec 10th 2024 ] - MSN
Nvidia, Other AI Stocks Are Stalling. Where to Fi .. the Next Stars and 5 Other Things to Know Today.
[ Tue, Dec 10th 2024 ] - Skift
Alaska Air to Launch Tokyo, Seoul Flights and Expand Premium Products
[ Tue, Dec 10th 2024 ] - 24/7 Wall St
Goldman Sachs Is Raising Price Targets on 4 Dividend Superstars for 2025
[ Tue, Dec 10th 2024 ] - Kiplinger
Oracle Stock Is Sinking After Earnings. Here's Why
[ Tue, Dec 10th 2024 ] - The Motley Fool
4 Brilliant Growth Stocks to Buy Now and Hold for the Long Term -- Including Nvidia
[ Tue, Dec 10th 2024 ] - Seeking Alpha
Time And Tide Fix The Overvaluation For MEG Energy
[ Tue, Dec 10th 2024 ] - 24/7 Wall St
Here's Why The Vanguard S&P 500 (VOO) Could Rocket to New Highs in 2025
[ Tue, Dec 10th 2024 ] - The Motley Fool
3 Magnificent S&P 500 Dividend Stock Down 35% to Buy and Hold Forever
[ Tue, Dec 10th 2024 ] - Seeking Alpha
BNY Mellon Small/Mid Cap Growth Fund Q3 2024 Commentary
[ Tue, Dec 10th 2024 ] - MSN
Ask an Advisor: I Have $1 Million and Want to Max .. Passive Income and Minimize Taxes. What Can I Do?
[ Tue, Dec 10th 2024 ] - Seeking Alpha
Dividend Income Summary: Lanny's November 2024 Summary
[ Tue, Dec 10th 2024 ] - CNN
Argentina's Milei counts Trump and Musk as fans. Here's what his 'chainsaw approach' has delivered
[ Tue, Dec 10th 2024 ] - MSN
Why this ASX 200 bank stock could face a hard slog in 2025
[ Tue, Dec 10th 2024 ] - Seeking Alpha
The 2 Worst Mistakes Dividend Investors Keep Making
[ Tue, Dec 10th 2024 ] - MSN
Dividend investors should put these 2 top ASX shares on their watchlist
[ Tue, Dec 10th 2024 ] - Seeking Alpha
IGD Continues To Show Improvements, Now Covering Distribution
[ Tue, Dec 10th 2024 ] - The Globe and Mail
No retirement savings in your 40s? Here's what to do now

No retirement savings in your 40s? Here's what to do now


Published on 2024-12-10 06:41:09 - The Globe and Mail
  Print publication without navigation

  • "Imagine yourself in retirement; imagine what your retirement actually looks like and what you're doing," she says. "It sounds hokey, but it's based in science. Studies find that we view our future selves as strangers, and that disconnect makes it hard to take financial action, to protect that future self."

The article from The Globe and Mail discusses strategies for individuals in their 40s who have not yet saved for retirement. It emphasizes the importance of starting to save immediately, even if it's a small amount, due to the power of compound interest over time. Key suggestions include increasing contributions to retirement accounts like RRSPs or TFSAs, reducing high-interest debt, and possibly downsizing lifestyle to free up more money for savings. The article also advises on the potential need to adjust retirement expectations, such as working longer or planning for a less expensive retirement lifestyle. It highlights the importance of financial planning, possibly with the help of a financial advisor, to create a tailored strategy that might include catch-up contributions, investment in growth-oriented assets, and reassessing one's risk tolerance. Lastly, it encourages not to despair but to take proactive steps towards securing a financially stable retirement.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/life/article-no-retirement-savings-in-your-40s-heres-what-to-do-now/ ]
Contributing Sources