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Recently, Smart Asset released a report that 40 million people do not have retirement savings.
In 2016, the Federal Reserve identified that the average retirement nest egg was just $60,000.
Medical costs alone can average over $200,00 for a couple in their retirement.
These costs alone will set anyone back without the proper resources.
In one of his bog articles Dave Ramsey stated most people retire when they are 62 years old.
Are you one of those who are behind on their retirement savings?
If you are, then keep reading.
On a side note, I am not a financial adviser but someone who just loves to invest. Hopefully, you’ll find some interesting information to help you on your retirement journey.
The Online Brokers Emerge
The stock market crash began on February 20, 2020. Just a week prior, the S&P 500 index finished at record highs.
If you’re unaware of what the S&P 500 is, this is an index that tracks the 500 largest companies US publicly traded companies.
The S&P 500 and most of the stock market has gone up for the most part since the end of the last Great Recession in 2008.
Since then, several online trading brokerages appeared with some offering $0 trades which was unique as many brokers were changing about $4.95 to $9.95 for making a trade.
