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
4.4 • 1.5K 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
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| 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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