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TMN Money in Your Pocket Minute 032017

By Clip Syndicate
Rick Reagan has some advice for young folks!

http://eplayer.clipsyndicate.com/view/12463/6836196 Video: TMN Money in Your Pocket Minute 032017
Rick Reagan has some advice for young folks!
http://chic.clipsyndicate.com/video/playlist/12463/6836196?cpt=8&wpid=2637 Mon, 20 Mar 2017 10:50:20 +0000 TMN Money in Your Pocket Minute 032017 Rick Reagan has some advice for young folks! http://chic.clipsyndicate.com/video/playlist/12463/6836196?cpt=8&wpid=2637 WSYR ABC 9 Syracuse this afternoon. jennifer: many people worry about losing money in the stock market. but being too conservative in your 401 , can be even more costly. dan: especially for younger participants. financial consultant rick reagan is here to explain. rick: rule or 72 72 divided by interest rate equals years to double $ $75 a week saved/ age 25-age 65 double $ $75 a week saved/ age 25-age 65 1% return $162,475 10% return $1,057,000 10% return $1,057,000 jennifer: so how much money should the average person have in stocks rick: a general rule of thumb is to take 120 minus your age. that tells you approximately how much of your retirement money should be in cash dan: in our plan we have funds that you choose based on your age. is that a good idea? rick: yes. excellent. they are called target date funds and they automatically get more conservative as you get closer to retirement jennifer:




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