This has been a week for renewed optimism in the possibility of a reasonable retirement. The markets have improved while interest rates remain low. I’m not suggesting a strong increase in equity allocation in your retirement portfolio. (More about that in a little announcement I have next week.) But if your retirement income needs are already secured, the stock market is presenting interesting opportunities for money you can afford to lose.
< I found a few interesting reads this week that you might want to check out:
This columnist is a man after my own investing heart, writing that if the investing pros can’t perform, just do it yourself. As a self-directed investor, I couldn’t agree more.
Money Magazine (which recommended this blog in its October issue) offers an online retirement readiness quiz. I don’t put a lot of faith in these little tools but enjoy seeing how I stand using their standards.
J.D. at Get Rich Slowly used his “ask the reader” feature to ask how much people should be saving for retirement. There are lots of “rules of thumb” thrown about on this topic. Most of them are rules of “dumb.”
I received a press release this week from American Express. It has entered the high interest, online savings and CD banking business with some decent rates. They certainly have brand-name recognition compared to most of the other internet banks.
Jeremy at GenerationX Finance analyzes the conflict between saving for retirement and paying for college. I agree with Jeremy – your retirement savings must take priority.
Enjoy the rest of your weekend.