Think about three people you know. Chances are good that one of them has nothing saved for retirement – nothing at all. And even those who are saving aren’t saving enough. Nearly 60% of people have less than $10,000 in their retirement accounts.
But you’re saving for your retirement, right? That’s great. But here’s another thing for you to worry about.
The past four decades of investment data reveal that traditional investment strategies like those used by target-date funds in retirement portfolios, have fallen far short, with average annual returns of just over 2%! You might be saving, but are you getting enough in return?
A REIT, a real estate investment trust, can make a difference, as income-oriented portfolios with REITs have outperformed similarly sized portfolios by nearly 40% more on average.
This video explains further, but you should regularly talk to your financial advisor to ensure you are on target for a comfy retirement.