Retirement Myth #1: Accumulation Is The Main Thing

(Photo credit: 401(K) 2013)


For years, Wall Street has been telling us the same thing: Save and invest as much as you can for retirement by trying to obtain as high a return as possible.

With bond returns sagging in a slow growth economy, this advice isn’t particularly helpful.

Most of us are still spooked by stock-market volatility, insider trading, hedge fund shenanigans, bank derivatives and poor regulation. Now we have to worry about a skittish bond market and the end of the Federal Reserve’s monetary easing policies — throwing yet another monkey wrench into the works.


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