Majority of Investors Not Thinking About Retirement
$DIA, $SPY, $QQQ, $VXX
Few American investors give much thought about retirement, I am 1 of them, I found something I love doing and do it.
Less than a 33% of non-retired investors have given “a lot of thought” to the best age for retirement, while 11% say they have given it no thought and 31% have thought about it just a little, according to a survey by Gallup.
The lack of preparation for retirement could result in regrets for investors. Among retired investors included in the survey, 52% say they wish they had started to think about the best age to retire earlier.
“Of those who currently have less than $100,000 in investments, 19% have thought a lot about the best age to retire,” Gallup said. “Among those with $100,000 or more invested, 37% have thought a lot about when to retire.”
The data come from the Wells Fargo/Gallup Investor and Retirement Optimism Index, conducted 10-19 February. The index is a survey of US investors who report having $10,000 or more in stocks, bonds, mutual funds or an individual retirement agreement or 401(k).
“Non-retired investors” includes all respondents in the survey who identify themselves as not retired, including students, homemakers and those seeking work.
“Most US investors regardless of age or investment value, have not given a lot of thought to when they will retire, nor have many read up on retirement-age considerations, reviewed the Social Security Administration’s website or talked about retirement age with a professional financial adviser,” Gallup said.
“Even among those aged 50 or older, only about 50% of investors have taken these steps.”
That likely means investors like what they do, yes?
Thursday, the major US stock market indexes finished at: DJIA +69.17 at 20729.04, NAS Comp +16.80 at 5914.36, S&P 500+6.93 at 2368.05
Volume: Trade on the NYSE came in at 925-M/shares exchanged.
- NAS Comp +9.9% YTD
- S&P 500 +5.8% YTD
- DJIA +4.9% YTD
- Russell 2000 +1.9% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
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|Bullish (0.34)||Neutral (0.12)||Bullish (0.40)||Very Bullish (0.50)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Bearish (-0.32)||Neutral (-0.17)||Very Bearish (-0.57)||Neutral (-0.21)|
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