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Can't Afford to Retire? Here's What to Do
If you've hit your planned retirement date but don't have enough money saved to retire, following this four-step plan can get you the funds you need.
Wendy Connick (imwconn)

What went wrong?
If you can't afford to retire, it's almost certainly because you don't have enough money saved. If that's the case, you're definitely not alone.

Step three: find extra retirement income

-------------------------->Maria Bartiromo?Verified account @MariaBartiromo8h8 hours ago
Today @tylerwinklevoss @winklevoss told me the bitcoin move is in its first inning. Watch more this wkend on @WallStreetWeek @FoxBusiness

Precautionary Savings in Stocks and Bonds
Carolin Pflueger
University of British Columbia
Emil Siriwardane
Harvard Business School
Adi Sunderam
Harvard Business School
We document a strong and robust relation between the one-year real rate and precautionary savings motives, as measured by the stock market. Our novel proxy for precautionary savings, based on the difference in valuations between low- and high-volatility stocks, explains 37% of variation in the real rate. In addition, the real rate forecasts returns on the low-minus-high volatility portfolio, though it appears unrelated with measures of the quantity of risk. Our results suggest that precautionary savings motives, and thus the real rate, are driven by time-varying attitudes towards risk.

What now? Anyway, I think people know very well they have to save save save, many people aren't stupid, even more when the real rate of return on a bond is zero, thanks in large part to the kindly central bankers, but,

GE Is Laying Off 12,000 People From Its Power Business | Fortune
GE: Jeff Immelt's Retirement Pay May Be Worth $211 Million | Fortune ...

That has just got to cut into the savings even if you followed Suze Orman's re that you have six months savings at all times even if the three kids have to eat banana peels and so on. Thank goodness Immelt, Obama Jobs Czar, will probably be OK. Let's hope!
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