Edward Flores's Avatar
published in Blogs
Mar 07, 2021

Why You Need to Revisit Your Retirement Approach Now

Planning for retirement is not a one-size-fits-all process. It means evaluating myriad variables – post-retirement lifestyle, where to retire, cost of living, the rate of inflation, and more – then formulating a plan that considers current earnings and standard of living, in addition to future goals.

It is inadvisable to develop a single approach and ride it into the retirement sunset. Life’s ever-changing circumstances and unexpected variables necessitate a dynamic approach to investing. Young and single people, for example, may look towards riskier types of investments; an important life change, like marriage or starting a family, can shift priorities and require a more measured approach.

Research shows that younger investors are less inclined to save the 10-15 percent of annual pretax income advisable to retire by 65 years old, or even save anything at all. But a study from mutual fund company Capital Group finds that younger workers are likely to save more if they visualize their life in retirement – to the tune of 31 percent more income. Heather Lord, Capital Group’s head of strategy and innovation, tells USA Today that the behavior change comes about simply from being able to consider the future: “Millennials have a lot of competing demands on their income,” says Lord. “Because that adds to the challenge of saving for retirement, picturing retirement may help them get into the habit of putting money aside.”

New life milestones mean reevaluating retirement plans. This means considering factors like risk tolerance and savings goals in concert with changing circumstances, as well as planning for the unexpected. Scott Sparks, a wealth management advisor at Northwestern Mutual, reminds workers to consider often-overlooked variables like health issues or sudden job loss when honing a retirement approach. “[Make] sure you’re covered by disability, life insurance and a will,” says Sparks. Additionally, workers should educate themselves on tax liabilities and advantages present and future when reviewing investment strategies in order to maximize benefits and minimize losses.

With life expectancy up, future retirees must consider the possibility of a much longer retirement than previous generations. Longevity necessitates new approaches – and rethinking conventional wisdom. Investment staples like bonds no longer generate returns as substantial as the past, which means considering different types of investment to compensate. This doesn’t mean dispensing with more conservative investments entirely but using them to shield against market volatility instead of making them tentpoles of a retirement plan.

Life means dealing with change – why should retirement plans be any different? By periodically revisiting your retirement approach, you can develop a plan that always works for you, no matter what the circumstances, and ensure brighter days ahead.

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Related Tickers: SPY
John Jacques's Avatar
published in Blogs
May 16, 2022
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Edward Flores's Avatar
published in Blogs
Apr 29, 2022
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

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Sergey Savastiouk's Avatar
published in Blogs
May 16, 2022
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Sergey Savastiouk's Avatar
published in Blogs
Mar 14, 2023
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Dmitry Perepelkin's Avatar
published in Blogs
Mar 14, 2023
5 Habits that Lead to Successful Investing

5 Habits that Lead to Successful Investing

To consistently make money in this industry, you need emotional fortitude, an analytical mind, and a willingness to self-reflect. Despite trading and investing being two different activities, these principles can be applied to both.Conversely, investors with good habits often become great traders.  Rather than full sentences for titles, we’ve labeled each of our top-five investing habits using a single word principle.
Allana's Avatar
published in Blogs
Mar 23, 2023
What’s the Difference Between Data Analytics and Machine Learning?

What’s the Difference Between Data Analytics and Machine Learning?

Artificial intelligence (AI) technology is developing rapidly.Data mining can deliver raw numbers, but it does not necessarily provide actionable insights. Structure is necessary to taking abstract information and extracting commonalities, like averages, ratios, and percentages.
Sergey Savastiouk's Avatar
published in Blogs
Mar 13, 2023
4 Tips for Fast, Effective Stock Analysis

4 Tips for Fast, Effective Stock Analysis

With just a few clicks, an investor can search for individual stocks, categories of stocks, sectors, or investment themes, and then he or she can conduct a full range of technical and fundamental analysis within seconds.All powered by Artificial Intelligence.  Below, we give you 5 tips for fast, effective stock analysis using Tickeron’s Screener.
Sergey Savastiouk's Avatar
published in Blogs
Mar 20, 2023
5 Golden Principles in Investing

5 Golden Principles in Investing

You have enough faith in that stock, based on research, that the return will equal or exceed the investment.  Do unto others.The principles outlined here will ensure that happens.  Principle #1: Diversification Investors can’t be one-dimensional when constructing a portfolio.
John Jacques's Avatar
published in Blogs
Mar 24, 2023
If Hedge Funds are Using AI to Invest, Why Shouldn’t You?

If Hedge Funds are Using AI to Invest, Why Shouldn’t You?

Some of the world’s biggest financial institutions have devoted multi-million dollar budgets to developing algorithms that can find patterns in the market, identify trends, and perform automated trading designed to take advantage of even the smallest price movements. The AI revolution is so big that as it stands today, the world’s five biggest hedge funds all use systems-based approaches to trade financial markets.Indeed, quantitative trading hedge funds now manage $918 billion (according to HFR), which amounts to 30% of the $3 trillion hedge fund industry – a percentage continues to grow with each year that passes.
Sergey Savastiouk's Avatar
published in Blogs
Mar 15, 2023
The five most important Lessons Learned After 10,000 hours of Trading