Too much of a good thing?
While the conventional conversation around retirement savings is "better to be safe than sorry", this article from Fortune brings a interesting second perspective to the story.
"Retirement is, by and large, the most expensive purchase of anyone's lifetime," he says. "For people who think they need $1 million but find they only need $800,000, it is a big difference."
Check out the story and maybe review your current financial plan to see if you are perhaps saving too much.
Happy New Year!
2013 is in the books now and we are all preparing to make the best of 2014. A brief look back at the stock market over the last 12 months shows some pretty impressive numbers, with the S&P 500 up ~ 26%
and the Dow Jones Industrial Average up over 23%.
Meanwhile, the generally anticipated rise in interest rates did start, but these levels still appear well below long term averages:
David R Wattenbarger, president of DRW Financial
FCL LLC (“DRW Financial”) is a registered investment advisor offering advisory services in the State(s) of TN, GA, IL, OK and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by DRW Financial in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant to an applicable state exemption.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of DRW Financial, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.