5 Tips for Investing in Your 50s

You are over 50 and you land the job of your dreams. Congratulations! Now that your job hunting days are behind you it may be time to turn your attention to another very important task: financial planning. If you have neglected this important area then you will want to watch our new video, '5 Tips for Investing in Your 50s'. In this video we offer up some key financial planning tips for you to consider. The tips are listed here:

1.) Invest in tax favored retirement accounts.
2.) Stick with the Stock Market.
3.) Diversify your portfolio.
4.) Purchase a Target Date Mutual Fund or use a Robo Advisor.
5.) Invest in a Roth IRA.

Now I want to stress, as I do in this video, that I am not giving you financial or tax advice. I am only giving you information I learned during my research on this topic. I produced this video using some of my own experiences, visited financial websites, read articles and then condensed and summed up the information the best way I could using my years of experience as a publisher and owner of a chain of business-to-business magazines and a weekly newspaper. If you have any questions about these topics please refer them to a professional financial adviser.

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About Over50tv:
On this channel we serve up career advice, interview tips, and job search news. Almost everything a person over 50 needs to enjoy career, personal, and business success is right here, right now on Over50tv.

About Lou Reyes:
Reyes is a career coach and small business strategist. He is also the host of Over50tv on YouTube. As the founder and publisher of a chain of business-to-business magazines and a weekly newspaper he has hired hundreds of people and interviewed at least ten times that many in his almost 30 year career in business. Reyes also launched a trade show company and he created and hosted a weekly radio program for small business owners. His experience includes founding or co-founded almost a dozen other businesses.

About ‘Pittsburgh’ Scott Ernst:
Ernst is the Creative Director and Video Production Manager for Over50tv. Scott is also a graduate of Cleveland State University and the Pittsburgh School of the Arts.

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Category:
Education

Media:
Written and Edited by Lou Reyes, Chief Content Officer for Over50tv.

ATTRIBUTION:
The following links will take you to source material that was used in the production of this video.

The following links are for the videos that were used in the production of this video:
How To Diversify Your Portfolio | Archives | CNBC
Warren Buffett reveals his investment strategy and mastering the market

[lindab]

I'm 55 and more interested in these videos. Thanks!

[jesbensommichael]

Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom

[ahumm]

This was pretty good. I decided to stick to my index funds instead of having a target date fund. Im currently funding a roth ira to the annual max, a 457 plan as well as a pension with about 10 yrs to go. Im living off of just over a 1/3rd of my salary with very little debt. One other great tip I would like to add is DO NOT finance ANYTHING that is not necessary! Other than that these are pretty good suggestions.

[ryanphilips]

I love this video so much. Everybody at 50 should have been preparing himself/herself before retirement by saving or investing their money.

[oneznzeroz]

I need to catch up. I’m 49 and I need to invest like 30% of my salary or more going forward to catch up. 401k and IRA will be maxed out and going to invest in Schwab index and ETFs.

[bgbusiness_]

Thank you sir...in 20s and still informative!!

[georgeb]

Last year was the first year I maxed out my 401k then ended up getting some of it returned. I was considered a Highly Compensated Employee and the company failed to maintain the IRS required ratio of HCE to Non-HCE employees in the plan. HCE is set at $150k annual earnings. This was supposed to be checked in October and wasn't for us.
For your sanity's sake, please be mindful. I've been studying investing for over 20 years and was never aware of this rule.

[arobi]

I'm a new subscriber. I'm very interested in financial planning because I'm in my fifties and I am sure I don't have enough saved to retire comfortably

[meek]

What do u think of Annuities to put away money in?

[christophercarpenter]

I don't know anything about investment, but I bought 4k in collectible comic books. Made 1400 in 10 days on 3 of them resale and they were brand new! Yes people paid 1200$ for a new release comic.WTF

[adrianzapata]

Mr. Reyes. i am 47 years old. No assets, no money, no job and 18, 000 in debt. Serious question. Would you guide me in financial investment, please?

[sammyalabamy]

Is a 457b contribution also $26, 000 total per year? As opposed to the 401K mentioned in step 1 ?

[dovieursery]

I made my first million investing in the stock market with help of a professional broker I met after his conference in Texas, he agreed to handle my trades and its been going pretty well, excited for what comes next