Thomas Hardy Retirement Investment Essay

1 yates

I agree, many have their contributions placed automatically in retirement accounts and seldomly check the accounts to monitor their investments. If they don’t monitor their investment accounts, how can they know if their investment strategy is optimal or if their investments are optimally diversified? I also believe its important for investors to do research or consult with someone knowledgeable of investments before making any investment decisions to ensure an optimal investment strategy.

1 Linda

I agree, investors not doing adequate research prior to making investment decisions is why many are unaware if their investment strategy is optimal. People do tend tend lean more towards the familiar as it gives them the impression it may

Unfortunately, this places many in a situation where they don’t have nearly as much saved in retirement as they possibly could have. Analyzing documents and regularly monitoring retirement accounts is important to make sure your investment is working in your favor.

3 Tinnesha

Achieving a higher level of education in most cases does increase the likelihood of an individual obtaining a high salary job which in turn leads to them being able to maximize Social Security benefits. Even still, many with higher education degrees aren’t aware that to receive maximum Social Security benefits they will need to maximize their salary. Its valuable to be informed about all retirement sources.

3 Hardy

I agree, many are not educated about Social Security. However, there are many resources online that make complicated subject matter easier to understand. Lack of education is definitely a hinderance. Perhaps if many knew more about Social Security they would try to maximize their income while they still can.

Taking care of one household and adding one’s parents adds another set of expenses. Preparing before the time comes to take care of one’s parents could help lessen the stress that comes with having to potentially support two households financially.

4 Yaco

Seeing what assistance can be provided by the government is something I did not consider. While I don’t believe the government will provide a lot of assistance, anything is better than nothing. The government is a great resource in addition to the funds one’s parents already have and any contribution an individual is able to make to help financially care for their parents.

5 Priscilla

Many people do think buying a car is an investment. They save up money for a down payment and do research before purchasing the vehicle. Other than reliable transportation, the car has very little value. The same effort put towards a car search can be directed towards the purchase of stocks which have more value than a vehicle.

5 Linda

Our society has us conditioned to care what others think about us. If we have a luxury car, to the world we must have money. If we didn’t care so much about trying to impress others and what they think about us maybe we could see the value of having stocks.

6