There are a decent number of people taking advantage of tax-deferred savings vehicles but it’s a fairly small number that ever reaches millionaire status in these accounts.
Last week, a report from Fundrise included a survey on the preparedness of millennials for the next financial crisis. The majority of young people aren’t too confident
The true determinants of when to sell an investment can be boiled down to the following questions: What kind of investor are you? What’s your time horizon? Why did you buy in the first place?
As returns in the markets grew stronger throughout the '80s and into the '90s the savings rates continued to plunge. It’s once again on the decline. If I had to point to one variable that could explain why so many are so ill-prepared for retirement it would be this.