Are You Behind on Your Retirement Savings? Consider These Strategies to Get Ahead
Key takeaways
- NVDA If you re behind in saving and investing for retirement, you re far from alone.
- Meanwhile, a Bankrate study found that 52% of workers expect Social Security to support them in retirement.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NVDA If you re behind in saving and investing for retirement, you re far from alone. A study from the National Institute on Retirement Security (NIRS) found that among workers aged 21 to 64, the median sum saved for retirement in a defined contribution plan (such as a 401(k)) was just $955 as of 2023.
Meanwhile, a Bankrate study found that 52% of workers expect Social Security to support them in retirement. That s particularly troubling, because the average monthly retirement benefit, as of April, was just $2,081 -- or about $25,000 annually. That won t support anyone very well these days.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »