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Savings for Retirement

Savings for Retirement

It's shocking and downright dangerous! Savings for retirement in the U.S are reported to be less than $10,000 for 43% of Americans.

Twenty-seven percent have less than $1,000.These are results from the annual Retirement Confidence Survey by the Employee Benefit Research Institute.

Research Director Jack VanDerhei blames on job losses, mortgage problems and the suspension of corporate 401(k) matches in 2009, but he said the economy isn't entirely to blame.

"In previous years, there were a whole lot of people who had nothing to begin with.People just don't want to think about this," said VanDerhei. "Everybody thinks they're too young to think about it, until suddenly they're too old to do anything about it."

More Than Half Not Saving

A British report from the Department for Work and Pensions says four out five of young people and half of those aged between 25 and 34 are not saving for their retirement.

Just over half of all those surveyed said they did not invest in a pension, despite 83% agreeing that this was the best way to ensure a comfortable retirement.

In the U.S, the economy, the mortgage crisis, unemployment and corporate cutbacks in 401k contributions and the drop in the stock market all play an important role but I feel there is another important reason for the lack of savings for retirement: fear of equities markets resulting from lack of knowledge.

Proof That Stocks Gain Most

Federal Reserve Board records stretching back 100 years prove convincingly that the best investment by far is in stocks. In comparison, these investments make bonds, treasury bills and real estate appear like a cruel joke. But we have had plenty of evidence stock markets can fall sickeningly.

Declines large and small are a normal part of the give and take but the worst record in many years leads to emotional investing, which is financial suicide. The problem long term is not the market; it is that most investors have no system for dealing with it.

In these pages you will:

  • Learn a simple system to take advantage of volatility;
  • Discover a way to reduce stress and emotional factors such as greed and fear;
  • Find a way to profit when markets fall without doing anything you have not already done;
  • Learn how always to buy low and sell high even if you know nothing about stocks;
  • Discover the ugly truth about mutual funds and what they really cost;
  • Learn which stocks to choose;
  • Become independent and avoid tips and brokers with their commissions;
  • And hundreds of other important factors that will make investing and saving for retirement more profitable and pleasant.

For Conservative Investors

Our purpose is to teach you as much as possible without a lot of jargon so that you can succeed without pressure. No day trading here, no foreign exchange trading, no options or risky stuff. Just plain bread and butter sensible long-term investing but with a system you will understand and come to trust.

With governments around the world going bust and government pension schemes running out of money, more will be forced to do what Greece has just done: cut pensions by 40%.

Everyone knows U.S debt levels are unsupportable and the ability to provide pensions for much longer is highly doubtful.

We cannot help everyone.

For some, saving is a total impossibility.

But we may be able to show you how to seemingly get money from thin air.

At the least, we will show you how to invest systematically and make the best our of your savings for retirement when you have a little money with which to do so.

You will be surprised by how little it takes.


 

Learn More About...


Time is More Important than Money When Saving Enough for Retirement
Saving enough for retirement isn't really a matter of how much to save; more importantly it is a matter of how soon can you start. Because of the magic of compounding, time is more important than capital. When do you hope to retire?

How to Save for Retirement if You Think You Can't
Many today wonder how to save for retirement when it seems impossible. Here's an answer that might work for you.

Average Retirement Savings Levels Dangerously Low
Average retirement savings levels in the U.S are dangerously low and spell significant pain for retirees in the years ahead. Increasing the level of your savings should be an urgent goal.

Will My Retirement Savings Last?
The recent recession and stock market collapse has made many wonder will my retirement savings last? There is no convenient one-size answer for everyone, different people have different circumstances and needs, let me tell you why.

 

 



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