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Why should someone in their 20s worry about retirement? Retirement is probably 40 years away, twice as long as you have been alive. There is plenty of time to save for the golden years.

That is the thought process of most young adults. Plus it is more fun hitting happy hour after work on Friday than investing in a mutual fund or stock that will probably fall in value anyway.

I get it. Does not mean I agree, but I understand how most people think.

However, I still urge young investors to save a little upon starting out in the work world. 

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In “Will You Need to Work Until 70?”, I noted that you should expect reduced government benefits when you retire.

Part will be due to reduced actual payouts. Part will be due to increased retirement ages.

I believe that if you factor in current social security payouts in your retirement calculations, you will face a shortfall when you do retire.

I want to quickly highlight this point as it is crucial for a successful retirement. 

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Many readers are a long ways away from retirement.

Messing up on retirement is not yet on one’s radar.

But it should be.

And the sooner you realize how people mess up retirement, the easier it is to avoid problems. 

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Are You Saving Too Much?

On 12/08/2011, in Financial Advisors, Investment Concepts, by Jordan Wilson

I read an article entitled, “Are You Saving Too Much for Retirement?”

I think it is a good article to discuss. No, the article itself is not good. Far from it. Rather this type of article is good to discuss. A big difference. 

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As you get older, does your financial knowledge decrease?

Good question.

I do not think financial smarts necessarily fall with age. I know a lot of very smart investors of advanced years. However, a new study has come out that finds investing intelligence does decrease over time.

A scary thought. Especially for my 20 something nephew – nephew by marriage I like to point out, definitely not the same gene pool – who seems to already be lagging in this area. 

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Are You Saving Enough for Retirement?

On 02/23/2011, in Personal Finance, by Jordan Wilson

If you are approaching retirement age, do you have enough capital to retire comfortably?

Or, if you are many years from retirement, do you have a proper investment plan in place? One that will ensure you have adequate retirement funds down the road?

In fact, many people about to retire do not have enough capital saved.

So this is a crucial issue for both older and younger investors.

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Life Cycle ETFs

On 12/15/2010, in Exchange Traded Funds, by Jordan Wilson

Today we will look at life cycle or target date funds.

In this post we will focus on exchange traded funds (ETFs). But be aware that there are also life cycle mutual funds.

Some technical differences between the two, but the fundamental principles are the same.

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