From one perspective, investing isn’t looking too promising for 2023. According to one survey, millionaire investors say they expect to see more steep stock declines in 2023. The S&P 500, a benchmark for U.S. stocks, is down 19% so far this year.
From another perspective, though, things look great. What’s that old saying? Oh, right. Buy low, sell high. As we go into the new year, low prices could mean a dream year for anyone with cash to put to work and time for it to stay in the markets.
If you’re in your 20s and 30s, you should be delirious with joy. Every dollar-cost averaged purchase you make through your IRA or 401(k) has the potential for decades of gains. What if you’re older? You might find some relief in bonds, which have higher yields.
For more, read our reporter Sarah Hansen’s story here.
Happy New Year and here’s hoping for good things in 2023!
— Jill Cornfield, deputy editor
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Rampant inflation and fears of a looming recession could be motivating people to work past retirement age to make up for shortfalls in savings. Well over half of workers expect to work in some capacity during retirement, according to the Employee Benefit Research Institute.
Reverse mortgages allow seniors to turn their home equity into income. Compared to a traditional mortgage, they work in “reverse”: Instead of the homeowner making payments to a lender, the lender makes payments to the homeowner. While this extra cash can certainly be helpful for retirees, reverse mortgages have some serious downsides.
Four-decade-high inflation, a volatile stock market and ballooning public debt are among the factors threatening the economic security of retirees. In the 2022 Natixis Investment Managers Global Retirement Index, the United States slipped even further down the list.
Investing with Money provides a quick breakdown of what you need to know about stocks, bonds, crypto and more. Whether you closely track the S&P 500 or haven’t looked at your 401(k) in years, we’ll give you the tools to be a confident long-term investor.
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