Stocks and Investing Stocks and Investing
Tue, December 10, 2024
[ 03:01 PM ] - Insider Monkey
10 Worst ARK Stocks To Buy According to Short Sellers
[ 02:21 PM ] - Investopedia
Is a 5.00% CD Better Than Investing With a Broker? Key Factors to Consider
[ 02:01 PM ] - Insider Monkey
10 Best Bank Stocks To Invest In For the Long Term
[ 01:41 PM ] - Insider Monkey
8 Most Undervalued Natural Gas Stocks To Buy According To Analysts
[ 01:21 PM ] - Investopedia
Top Stock Movers Now: Boeing, Alaska Air Group, Alphabet, Oracle, Ebay, and More
[ 01:01 PM ] - The Hill
Stock market today: Despite Oracle's drag, Wall Street drifts as it waits for inflation data
[ 12:41 PM ] - MSN
3 Stocks Can Help You Get that Right Heading Into 2025
[ 12:21 PM ] - Kiplinger
Why MongoDB Stock Is Down After Its Beat-And-Raise Quarter
[ 12:01 PM ] - Associated Press
Stock market today: Wall Street drifts as it waits for inflation data
[ 11:41 AM ] - AOL
Better Quantum Computing Stock: Rigetti Computing vs. IonQ, Inc.
[ 11:01 AM ] - MSN
Brokers Suggest Investing in SkyWater Technology (SKYT): Read This Before Placing a Bet
[ 10:41 AM ] - MSN
Invest in your favourite companies for less with partial shares
[ 10:41 AM ] - Business Insider
Stock market today: Indexes trade mixed as rally wavers ahead of key inflation data
[ 10:41 AM ] - MSN
Nvidia, Other AI Stocks Are Stalling. Where to Fi .. the Next Stars and 5 Other Things to Know Today.
[ 10:21 AM ] - Skift
Alaska Air to Launch Tokyo, Seoul Flights and Expand Premium Products
[ 10:21 AM ] - 24/7 Wall St
Goldman Sachs Is Raising Price Targets on 4 Dividend Superstars for 2025
[ 10:21 AM ] - Kiplinger
Oracle Stock Is Sinking After Earnings. Here's Why
[ 10:01 AM ] - The Motley Fool
4 Brilliant Growth Stocks to Buy Now and Hold for the Long Term -- Including Nvidia
[ 09:41 AM ] - Seeking Alpha
Time And Tide Fix The Overvaluation For MEG Energy
[ 09:21 AM ] - 24/7 Wall St
Here's Why The Vanguard S&P 500 (VOO) Could Rocket to New Highs in 2025
[ 09:21 AM ] - The Motley Fool
3 Magnificent S&P 500 Dividend Stock Down 35% to Buy and Hold Forever
[ 09:01 AM ] - Seeking Alpha
BNY Mellon Small/Mid Cap Growth Fund Q3 2024 Commentary
[ 09:01 AM ] - MSN
Ask an Advisor: I Have $1 Million and Want to Max .. Passive Income and Minimize Taxes. What Can I Do?
[ 09:01 AM ] - Seeking Alpha
Dividend Income Summary: Lanny's November 2024 Summary
[ 08:41 AM ] - CNN
Argentina's Milei counts Trump and Musk as fans. Here's what his 'chainsaw approach' has delivered
[ 08:21 AM ] - MSN
Why this ASX 200 bank stock could face a hard slog in 2025
[ 08:21 AM ] - Seeking Alpha
The 2 Worst Mistakes Dividend Investors Keep Making
[ 08:01 AM ] - MSN
Dividend investors should put these 2 top ASX shares on their watchlist
[ 07:21 AM ] - Seeking Alpha
IGD Continues To Show Improvements, Now Covering Distribution
[ 06:41 AM ] - 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