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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SPY sees MACD Histogram just turned negative
SPY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 01, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In of 63 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
SPY moved below its 50-day moving average on April 15, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SPY crossed bearishly below the 50-day moving average on April 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SPY's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 358 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 451 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)
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Fundamental Analysis Ratings
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Category LargeBlend