Despite the recent hiccups for the market, stocks have had an incredible run since the depths of the recession. All in all, the S&P 500 as measured by the SPDR S&P 500 ETF (SPY) is still up roughly 270% since its bottom back in 2009. That’s a wonderful return for doing nothing. So any investor that has continued to put money away during the last decade has seen their account balance grow by leaps and bounds. Those gains have made investors very confident about their prospects for a great retirement.
However, they may not want to cheer too loudly just yet.
Despite the wins and investors feeling better about their financial situations, the reality is, there’s still more work and saving to be done. While we may seem confident, much of that euphoria may not be correctly placed. Our savings simply aren’t up to snuff.
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