Jim Cramer had some simple retirement saving advice that downplays doing a lot of trading. As opposed to chasing short term gains, in this article he suggests putting close to half in index fund, then close to half in four or five individual stocks and then a little bit in some combo of gold and/or bitcoin. For someone who is younger, at least one of the stocks should be "speculative."
I'm not a huge fan of 10% into just one stock but I might be in the minority on that.
That article also included some thoughts about the age that Millennials and Gen-z's think is the right age to retire; 61 and 59 respectively. There's probably not much that is new with those ages but they are at odds with the lack of progress toward being able to retire that many Gen-Xers find themselves confronting.
One thought from me that I think might be new is that when you retire at 60, you forgo some number of years at what is probably your highest earning years. If you've done a decent job of avoiding lifestyle creep then your 60's provides a great opportunity to meaningfully add to your retirement balances. That assumes you haven't had your hand forced at work to retire early.
It's not for me to say don't retire early, I've been seeing people from high school and college do it over the last few years, but it is important to dig into any financial tradeoffs.
Today's post cut short. We had to go looking for this;
With these guys;
The information, analysis and opinions expressed herein reflect our judgment and opinions as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.
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