Recent studies conducted by Vanguard and Prudential found that many Americans’ portfolios are underprepared for retirement, despite rising portfolio contributions.
“Fifty-five-year-old Americans are far less financially secure than older generations. These challenges are exacerbated by calculations that Social Security’s trust funds will be depleted as this generation reaches retirement age in 2035.”
—Prudential Financial
What are these portfolios missing, and how can Americans shore up their retirement savings?
Click on the video link below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Fox Business: “Americans are saving more for retirement, but they’re nowhere near the ‘magic number’”
- CNBC: “55-year-old Americans are ‘critically underprepared’ for retirement, survey finds”
- MarketWatch: “Gold approaches record highs as fall in CPI gives Fed ‘ammo’ to support rate cuts”
Enhance your portfolio with precious metals today.
Widespread market forces like central bank demand, geopolitical tensions, and monetary policy may continue to drive gold prices higher. Gold has also historically been used as a hedge against economic uncertainty and market turbulence. Now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
