Category Archives for "Investing"

Retirement is a major financial fear (and how to overcome it)

Today, while I was reading in Feedly, one article from Fool.com pops up in my eyes: College Worries Trump Retirement for Parents, Data Says. Specifically, this part is very interesting but scary:

Gallup conducted interviews between 2001 and 2015 asking participants to rank their chief financial fears and then divided that data into different subgroups. While retirement was the primary worry among most subgroups, for parents of children younger than 18, paying for college topped their list of financial concerns.

To us, it is true that retirement is our major financial concern.

Setting up 2017 goals

​Happy New Year, my friends! I hope that you enjoyed your 2016 and are excited about your journey in 2017. Personally, I am very looking forward to 2017. The financial market in 2016 was quite bumpy, though I've managed to increase my investment account by 40%. With me tweaking my trading plan, I am sure that 2017 would create a lot of trading opportunities.

Inspired by Retire by 40, my wife and I wanted to set up our goal for 2017.

Non-financial Goals

Improve Fitness

My job requires a lot of sitting in front of the computer and write all day. This is very common for a pre-tenured faculty member, and I do not expect it would change in the near future. With that being said, I want to find a way to release my stress and get back to shape.

How to achieve one-million-dollar retirement goal

From my previous post, it seems I have to save around one million dollars for the retirement! I have to confess that I am overwhelmed by the number! How can I achieve this goal, especially I started my retirement saving at the age of 35?

I panicked, and googled a lot of information regarding retirement planning or various ways to catch up the retirement. I understand that I may not need a million for retirement. Other factors may play in role in the calculation as detailed here. But my philosophy is: prepare for the worst! I am dedicated to achieve the goal.

The question remains unanswered: How an ordinary people can save one million dollars for retirement?