Here Is A Great Article On Padding The Empty Nest: How 55 To 64 Year Olds Feel About Money

Finally! Your last child just moved out. You’re finding more time for hobbies. More time for your spouse. More time for yourself than you’ve likely had in decades. But for today’s empty nesters, stock trading time is running out as they prepare for retirement and set their sites on the next chapter of their lives.

Thrivent Financial and Kiplinger’s magazine recently published a stock trading time study on the way Americans between the ages of 55 and 64 feel about money. Here’s what the stock study found and how those in that age bracket can approach it.

Money worries

– As stock trading time runs down, 35 percent of study participants said they were worried that they either hadn’t or weren’t saving enough for retirement. And as they age, 20 perenct said their biggest financial/ money worry was losing their health insurance coverage. Still another 17 percent said they worried about losing their job or their home and 11 percent were worried about credit card debt.

But, perhaps with age comes a renewed sense of peace: a fantastic 18 percent of stock trading time study participants said they didn’t worry about money at all.

Will you still need me when I’m 64 – With the economy still in a downturn, 42 percent of adult children said they had been forced to ask their parents for money.

And how did those moms and dad’s respond? An overwhelming majority – 90 percent — said they would tap their own retirement funds to help out their children. But, in light of decreasing stock trading time, couples might want to consult with each other before making that type of decision: 22 percent of Boomer couples said finances had caused tension in their households.

Gotta have goals – Sixty-eight percent of the adults surveyed said maintaining financial stability was more important to them now than increasing assets. With this generation’s stock trading time falling, it seems the time to increase assets is dwindling, but 20 percent said they’re still making an attempt. Just 12 percent said their main focus in light of investing and stock trading time was to protect against loss.

Finally, it may seem that we’re more frugal as we age. A whopping 74 percent of the Boomers taking part in the magazine’s survey said they were making an intentional effort to spend less and save more than they were two years ago.

Please leave your feed back about this article on Padding The Empty Nest: How 55 To 64 Year Olds Feel About Money

Tags: Boomers, Goals, investing4u, Money, Stock Trading, stock trading time

Trading and Investing 4U, in preparing this post, did not take into account the investment objectives, financial situation and particular needs of the investor. Before making any decision about the information provided, you must consider the appropriateness of the information having regard to your objectives, financial situation, and needs, and always consult your advisor. Securities and Derivatives have inherent risks and any comments appearing here are general advice only and can involve high risk investment. Trading and Investing 4U has made every effort to ensure the information is accurate, however its accuracy, reliability or completeness is not guaranteed.

Any advice in this post is General Advice only