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Advisers underwhelmed by Biden’s first 100 days
An unscientific poll of readers found 61% disapproving of Biden and 60% opposing his proposed tax increases. The survey was released on April 29, Biden’s 100th day in office.
May 3, 2021 2 MINS
Financial advisers aren’t impressed with President Joe Biden over his first 100 days in office, according to an online survey of
InvestmentNews readers.
The poll shows that 61% of respondents disapprove of the job Biden has done in the first three months of his presidency while 39% approve. The unscientific survey was released on April 29, Biden’s 100
th day in office, and as of Monday, more than 100 readers have responded to each question.
It wasn t until she went through a divorce that she realized she hadn t been saving enough for her retirement. As a single mother with two children under the age of 10, plus a mortgage, she now had more financial responsibilities on a single income.
Her fears prompted her to take inventory of her retirement funds. At the age of 37, she assumed that her years of contributions would have gotten her close to building a comfortable financial future. But contributing the minimum had not been enough.
Upon recognizing that, Simmons was able to get herself on track and within a matter of four years, she managed to accumulate $750,000 between savings and investments, according to financial records viewed by Insider.
Understand your net worth
Burns says understanding your net worth and tracking it throughout your working years is the first step to retiring comfortably. Your net worth should rise throughout your working years and allow you to retire with more assets than debts.
To find your net worth, add up all of your assets then subtract your debts.
Stay out of debt
Staying out of debt is key to building wealth, Burns says. Making wise spending decisions, such as buying a used car instead of a more expensive new car and paying it off for years, can go a long way to growing your net worth. If you have a credit card, aim to pay the balance in full every month.