Call Us Today 931-250-8585

Blog

Planning for Retirement Takes Knowledge

Posted by Nina Whitehurst | Jun 27, 2018 | 0 Comments

Convertible

You don't just have to save money, you must save money wisely.

Because it takes a long time to save for retirement and investments must be chosen wisely, researchers looked into the saving habits of people in the U.S. and 15 other countries. The results were not encouraging, according to Bloomberg in "The World Isn't Prepared for Retirement."

Over half of the Americans surveyed, did not know that it is better to invest in a mutual fund than in a single company's stock. This is basic investing knowledge that is apparently not widely known. The other results were also disappointing. However, some of the survey results were intriguing.

People were asked whether they expected to have a robot companion during retirement. The Chinese seem especially bullish on the idea, with 20% of people answering yes. Only 6% of Americans did so.

If you do not know about investing properly for your retirement, it is important to learn.  It is never too late to begin but it would probably be best to begin now, if you haven't already.

Reference: Bloomberg (May 29, 2018) "The World Isn't Prepared for Retirement."

About the Author

Nina Whitehurst

Attorney at Law Nina has been practicing law for over 30 years in the areas of estate planning, real estate and business law She is currently licensed in Alaska, Arizona, California, Colorado, Oregon and Tennessee. Her Martindale-Hubbell attorney rating is the highest achievable: 5 stars in peer...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Areas We Serve

Logo 202

Aenean lacinia bibendum nulla sed consectetur. Donec sed odio dui. Maecenas sed diam eget risus varius blandit sit amet non magna. Nulla vitae elit libero, a pharetra augue. Curabitur blandit tempus porttitor. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cras justo odio, dapibus ac facilisis in, egestas.

Menu