As you get closer to retirement, much of your success will be determined on how much you have saved. Unfortunately, if you didn’t do a great job of putting money away, the stock market can’t save you.

The stock market can be a great way to grow your wealth and since its inception has provided extremely generous returns to patient and prudent investors. However,if you don’t save enough money, the returns can’t save you.

A lot of people think that investing in the stock market is easy. All they have to do is invest their money and then let the market do its thing. But that’s not true!

For example, if a retiree needs an additional $20,000 a year in income during retirement and have only saved $100,000, simple math is obviously not going to be on your side since you will literally run out of money in 5 years. It doesn’t matter how great the returns are.

If you want to make sure that your investment is going to work out well for you, here are some things that you should keep in mind:

– You need to make sure that you’re saving enough money as early or as often as possible. Even small amounts of money can go a long way over time toward helping your portfolio grow.

– You should also be prepared for losses when investing in the stock market. Market downturns are common from time to time.

Saving towards retirement sometimes may be difficult for a variety of reasons. If you find yourself in a place where you feel you might not have saved enough to retire, all might not be lost. Take an opportunity to review your situation with us. Make sure and contact me and see what course corrections can be made to make sure you are not only able to retire but also to stay retired.

Lets chat about your personal goals