Pre-Retiree

Investors are closely watching the Federal Reserve's upcoming November meeting, questioning how aggressively the central bank might continue its rate-cutting cycle. Principal Asset Management chief global strategist Seema Shah joins Morning Brief to discuss the outlook. Shah characterizes current economic data as "very, very volatile," emphasizing the seasonality within various reports, particularly in the labor market. While she notes that labor market reports indicate some cooling, it's "nothing too concerning." However, she cautions against drawing conclusions from any data point when predicting the Fed's monetary policy direction. According to Shah, the broader trend of economic moderation suggests a normalization period is underway, which could ease some monetary restrictiveness. She believes a measured approach with 25 basis point reductions in November and December would be appropriate. Regarding the impact on investors, Shah offered an optimistic outlook: "As we look out over the coming months because we're expecting a soft landing, continued rate cuts, that is a sweet spot for risk assets. We think there's continued upside for equities," she told Yahoo Finance, adding: "In this environment, you probably want to be extending duration." #stockmarket #youtube #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

You don’t need a lot of money to begin saving for retirement. It’s not always possible to invest large amounts to save for retirement, but it’s also not necessary.

Peter Wouters, Director, Tax Retirement & Estate Planning Media headlines and market uncertainty have left many aging investors with the feeling “I’m worried that I won’t have enough”. In this first segment of Life & Money Matters, Peter shares some of the top retirement planning concerns among investors.

Did you know the Canadian government gives financial incentives to help you save for your retirement? Find out more about registered retirement savings plans. What is an RRSP? Simply put, a Registered Retirement Savings Plan, or RRSP, is a special type of savings account that helps Canadians save for their retirement. How does an RRSP work? Contributions you make to an RRSP are tax-deferred, meaning the money is only taxed when you withdraw it. For most, withdrawing from your RRSP at a later point in life means paying much less tax. Any money put into an RRSP, up to the annual limit, reduces your taxable income for that year. Your annual limit is a percentage of your earned income plus unused room from earlier years. You can hold a variety of investments in your RRSP, like stocks, bonds, GICs, and mutual funds. Because income earned inside an RRSP isn't subject to tax until it's withdrawn, RRSPs are a powerful way to save for your retirement. Find more tips and tools at sunlife.ca. Life's brighter under the sun. Learn more about RRSPs: https://www.sunlife.ca/ca/Investments/RRSP+TFSA+and+RESP/Registered+retirement+savings+plan+RRSP?vgnLocale=en_CA

To ensure you have the retirement you dream of, there are a few important points you may want to work out before that day comes.