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Sergey Savastiouk's Avatar
published in Blogs
Mar 02, 2021

Americans are Grossly Underprepared for Retirement

Americans believe in a well-documented path to retirement: work hard, save money (maybe using the 401(k) offered by your employer), and say goodbye to the daily grind in your early-to-mid 60s. MassMutual’s 2018 State of the American Family survey pegs the average age Americans plan to retire at 62, a full two years younger than 2013’s survey, with 47 percent of participants (a two percent increase) expressing confidence they could retire when they wanted to. But there’s a problem: despite optimism about retiring early, most people do not have the plan, nor the savings, to do so.

Planning retirement is of vital importance. MassMutual’s survey indicates that only 36 percent of participants had created a savings plan, with 24 of the 36 percent staying committed to it – figures that don’t bode well for a worry-free post-work life. It is well worth the time to map everything out using a retirement calculator or through some basic calculations.

The first step to creating a plan is evaluating life expectancy. Naturally, it’s very difficult to accurately predict this, but after taking health, lifestyle factors, family history, and more into account can help develop a rough estimate. Subtracting your ideal retirement age from perceived life expectancy shows how many years to save for.

Next, establish living expenses in retirement. While these can be ever-shifting, a ballpark figure is necessary – as is periodically reevaluating savings goals for accuracy. To get a rough estimate, take current monthly expenses, factor in expenses that might not be necessary in retirement (child-related, commute, down-sizing a home, etc.) and multiply by 12 to calculate a yearly savings goal. Multiply this figure by the total number of years to save for as calculated above, taking average yearly inflation of 3 percent into account.

You may even be entitled to some help – certain employers offer 401(k) matching. There are also Social Security benefits, determined via your 35 highest-earning years, which are accessible at 62 but typically kick in in full around 66 or 67 (and you can even delay benefits earlier for larger amounts later). Sign up for a My Social Security account to get an estimate of your eventual benefits, multiply by the number of retirement years, and subtract the resulting amount from the previously-calculated total for a better snapshot of your savings goal. Use that figure to determine a monthly savings amount, keeping in mind the benefits of compound interest (though it is helpful to estimate more conservatively and be pleasantly surprised than the alternative).

And don’t despair – there’s hope even if you are behind the eight ball on retirement savings. While saving for retirement earlier provides a greater margin for error (and means having the ability to contribute less per paycheck), you can make up for lost time by increasing short-term contributions. Catch-up contributions are also an option; worst case, you can push your retirement back to save more. Retirement is an attainable goal – if you don’t go in blind.

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Related Ticker: SPY

SPY in -1.43% downward trend, falling for three consecutive days on July 19, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SPY declined for three days, in of 249 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for SPY moved out of overbought territory on July 17, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on July 19, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on July 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

SPY broke above its upper Bollinger Band on July 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 469 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 86%.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Broadcom Inc. (NASDAQ:AVGO), VISA (NYSE:V).

Industry description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

Market Cap

The average market capitalization across the SPDR® S&P 500® ETF Trust ETF is 112.81B. The market cap for tickers in the group ranges from 6.94B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is AAL at 6.94B.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® S&P 500® ETF Trust ETF was 16%. For the same ETF, the average monthly price growth was 38%, and the average quarterly price growth was 102%. WBD experienced the highest price growth at 17%, while DPZ experienced the biggest fall at -18%.

Volume

The average weekly volume growth across all stocks in the SPDR® S&P 500® ETF Trust ETF was 5%. For the same stocks of the ETF, the average monthly volume growth was -2% and the average quarterly volume growth was -27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 61
P/E Growth Rating: 50
Price Growth Rating: 48
SMR Rating: 50
Profit Risk Rating: 44
Seasonality Score: 15 (-100 ... +100)
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