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The Task of Investing for Your Retirement Security

September 10, 2020 By E.J. Smith

By SteveWoods @ Shutterstock.com

Let’s run some numbers, shall we?

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

If you’re making twenty-five grand working part-time, how much will you need to invest to match it with a three-percent draw rate?

The answer is just over eight hundred thousand dollars. Puts some perspective on how much your time is worth doesn’t it?

The more you want to draw, the more you’ll need to save.

My number one piece of advice for anyone considering retirement is simply this: don’t. You have incredible worth in times like these with interest rates nailed to the floor and assets inflated.

The task of investing for retirement security has never been more difficult, and will perhaps become even more so in the not too distant future. Why? Look around you. Joe Biden wants to hike taxes by $4 trillion.

Action line: When you realize how valuable you are, you need to take time and care. You need to stay in the game. I want to help you. We all need a reminder now and then how truly valuable we are to our families.

Originally posted on Your Survival Guy. 

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E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com

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