Retirement Mistakes

Bud is a fantastic contributor to retirement planning and strategy. Please review his article. The 5 areas he addresses: 1. Funding the unforeseen 2. Planning failures 3. Everything is relative 4. Personal economics 5. Non-financial mistakes. The information is extremely valuable for someone close to retirement trying to make sure they are ready to shift gears.

Global Wealth Update

Thank you WSJ's Jason Bellini for the update. If you have problems with the video here is the source.

State of Your Retirement Savings

I personally enjoy learning about the state of Americans' finances. Here is an article describing our saving or lack of saving for retirement. Andrea Coombes covers many topics in this article.

Fully 57% of people who earn less than $50,000 said they can’t afford to both pay their bills and save for retirement, compared with 35% of people who earn $50,000 or more. Meanwhile, 59% of those surveyed said their top, day-to-day money worry is paying the monthly bills—that’s’ up from 52% who said that in 2012.

Rate Your Financial Capability

FINRA Investor Education has a 5 question Financial Quiz. Take the quiz here. From Marketwatch:

Three-quarters of Americans have “positive perceptions” of their own financial knowledge and math skills. but only 14% were able to correctly answer five financial literacy questions posed by a top regulator’s investor education foundation.

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