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InvestTalk

10-13-20: How Much Retirement Money Should You Have Saved By Age 60?

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Business, News, News Commentary, Entrepreneurship, Investing, Business News

4.41.5K Ratings

🗓️ 14 October 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

A TD Ameritrade report has revealed that 28% of adults ages 40 to 79 with at least $25,000 in investable assets have less than $50,000 in retirement savings. 


Today's stocks and topics: Vanguard Energy ETF (VDE), Pacific Biosciences of California Inc. (PACB), Seritage Growth Properties Cl A (SRG), Alliance Data Systems Corp. (ADS), Southwest Airlines Co. (LUV), ETFMG Alternative Harvest ETF (MJ), Domino's Pizza Inc. (DPZ), Boeing Co. (BA).  


ALSO: Universal life insurance?, from Europe-- my portfolio?, Dollar cost averaging?, Steve's talking point covers the market sectors that are likely to have good quarters.



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Transcript

Click on a timestamp to play from that location

0:00.0

On radio, streaming live on Invest Talk.com, and for our podcast subscribers, this is Invest Talk, above average investing for the average investor.

0:16.0

Invest Talk is made possible by KPP Financial, a registered investment advisor firm,

0:22.0

serving clients throughout the United States. investment advisor Steve Peasley. Good afternoon everybody and welcome to Invest Talk.

0:35.7

It is Tuesday, October 13, 2020.

0:40.4

And we're moving pretty fast to the fourth quarter.

0:42.4

I mean, we're halfway through the month already

0:44.8

first month of the court anyways and to quote a familiar cliche the end of the year will be here

0:51.0

before you know it and it will be. Now looking back over the past year

0:55.3

it's been a pretty wild ride for everybody for all a semester anyways and I mean it is

1:02.3

unheard of to completely shut down your economy and did you hear the

1:06.4

the who WHO represents saying that maybe that wasn't a very good idea. Those guys, I mean, they said it wasn't what they said months ago when we shut it down,

1:19.0

but, geez, it just, it just is, it's just been a crazy year.

1:23.8

What can I tell you?

1:24.5

And therefore, volatility in the market.

1:27.5

And we've all had to learn to compensate.

1:29.2

And we're still gonna have more.

1:30.4

It's not going away.

1:31.8

We might calm down next year. You know, it depends on what goes on with the COVID and those kinds of things and the vaccine. And I think we're going to have it. I see treatments are coming on pretty well.

1:45.6

There are certain things that are working well.

1:47.7

And so I can just see it's getting over this finally,

1:52.0

putting some of the most of this COVID worry behind us sometime later next year.

1:56.2

It's going to take time no matter what.

...

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