Saving for retirement is one of the biggest investments you'll ever make, and it's not cheap. The average person spends upward of $738,000 in retirement, but depending on your lifestyle and expenses, you could need at least a million dollars to be able to retire comfortably.
For example, say you currently need about $50,000 per year to cover all your expenses. According to the 4% rule -- which states, in a nutshell, that you should withdraw roughly 4% of your retirement savings the first year of your retirement and then adjust your withdrawals each following year based on inflation -- if you're withdrawing $50,000 the first year, your total retirement savings would need to amount to around $1.25 million (assuming you'll spend 30 years in retirement).
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Of course, your income in retirement doesn't need to come solely from your own savings. Social Security benefits also provide a cushion, but that cushion may not be as big as you think. The average beneficiary receives around $1,294 per month in Social Security benefits, according to the Social Security Administration, which amounts to around $15,500 per year. While that money can go a long way in helping cover expenses, a significant portion will need to come from your own savings.
Top Cheap Stocks For 2019: S&P GSCI(GD)
Advisors' Opinion:- [By Lou Whiteman]
The $3 billion competition, which includes management and maintenance of a range of navy and marine networks, will pit Perspecta against two of the largest government IT vendors, Leidos Holdings (NYSE:LDOS) and the recently bulked-up IT arm of General Dynamics (NYSE:GD). This is a business where scale is vitally important, potentially putting Perspecta in a difficult position.
- [By Logan Wallace]
These are some of the headlines that may have effected Accern’s analysis:
Get General Dynamics alerts: U.S. Air Force Awards General Dynamics Cloud Services Contract (finance.yahoo.com) General Dynamics (GD) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com) America Desperately Needs More Submarines. And That Is Good News for General Dynamics. (yahoo.com) GD completes Hawker Pacific acquisition (janes.com) General Dynamics Unit Secures Work for Aircraft Computer System Repairs, Replacement (govconwire.com)Shares of NYSE:GD traded up $3.17 on Tuesday, reaching $199.62. The company’s stock had a trading volume of 2,149,954 shares, compared to its average volume of 1,720,029. General Dynamics has a 52-week low of $190.30 and a 52-week high of $230.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a market capitalization of $57.94 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.89 and a beta of 0.84.
- [By Reuben Gregg Brewer]
Shipbuilding and services specialist Huntington Ingalls (NYSE:HII) was spun off from Northup Grumman in early 2011. General Dynamics (NYSE:GD) is roughly six times larger and offers a far more diversified list of products and services that includes submarines, aircraft, and armored vehicles, among other things. Both, however, provide key products and services to the U.S. military. That's normally a fairly consistent business driven by large and often very long contracts. With a supportive administration in the White House, it would seem like now is a good time to take a look at this pair of stocks. But which of these two military-industrial companies is a better buy? Using a Benjamin Graham lens, the answer may not be what you want to hear.
- [By ]
Finally, General Dynamics Corp. (GD) , along with Lockheed and BAE Systems, could possibly profit from heightened demand ships and other vehicles.
Top Cheap Stocks For 2019: International Business Machines Corporation(IBM)
Advisors' Opinion:- [By Motley Fool Staff]
IBM (NYSE:IBM) Q1 2018 Earnings Conference CallApril 17, 2018 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Douglas A. McIntyre]
International Business Machines Corp. (NYSE: IBM) earnings looked good on paper. However, one thing was missing. The company’s revenue growth looks nothing like that of a tech company. The promise by CEO Ginni Rometty would become a real tech corporation continue to languish.
- [By Billy Duberstein]
Accenture is a premier technology brand with highly diversified operations. And there's one final piece of the puzzle: It's a pure-play consulting firm that doesn't sell hardware. In other words, it only serves as a consultant, it doesn't sell its own technology, so there's no potential conflict of interest. While some of its competitors are also pure-plays, its competitors include consulting arms of large tech companies, such as IBM (NYSE: IBM) and HP Enterprise (NYSE: HPE), which sell their own technology.
- [By ]
That has led some companies to consider hiring "new collar" workers, employees who have or can gain needed skills but who lack degrees or other traditional qualifications. IBM (NYSE: IBM) CEO Ginni Rometty has been one of the leading proponents of this concept; her company has committed "$1 billion in training and development programs for its U.S. workforce, with an approach to filling New Collar roles that prioritizes capabilities over credentials" according to an email interview with IBM's New Collar Initiatives Talent Leader Kelli Jordan.
Top Cheap Stocks For 2019: Kohl's Corporation(KSS)
Advisors' Opinion:- [By Chris Lange]
Kohl's Corp. (NYSE: KSS) released its fiscal second-quarter financial results before the markets opened on Tuesday. The company said that it had $1.76 in earnings per share (EPS) and $4.57 billion in revenue, which compares with consensus estimates of $1.64 in EPS and $4.26 billion in revenue. The same period of last year reportedly had EPS of $1.24 on $4.4 billion in revenue.
- [By Jeremy Bowman]
Below are some of investors' favorite value stocks
Stock Ticker What the company does P/E ratio General Motors (NYSE: GM) Designs, manufactures and distributes vehicles under the brands Buick, Cadillac, Chevrolet, GMC, Holden, and Wuling. 5.7 Apple (Nasdaq: AAPL) Designs and develops consumer electronics and software. 17.5 Delta Air Lines (NYSE: DAL) One of the world's biggest global airline. 10.6 Verizon Communications (NYSE: VZ) Multinational telecoms company. 12.9 Kohl's (NYSE: KSS) Department store chain. 12.2Source: Yahoo! Finance.
- [By Matt Hogan]
Against this backdrop, screening for a potentially overlooked value stock with signs of a turnaround itself makes for a compelling thesis. Department store operator Kohl's Corporation (NYSE: KSS) seems to fit the bill. The company posted impressive numbers last quarter (more on those below) and finbox.io valuation models show nearly 30 percent upside. With Kohl's set to announce earnings on the 22nd, let's take a closer look at the company's recent performance, competitive position, and strategic initiatives.
Top Cheap Stocks For 2019: USG Corporation(USG)
Advisors' Opinion:- [By Dan Caplinger]
Warren Buffett likes to hold his stock positions for the long run, and his experience with USG (NYSE:USG) has been typical of his other long-term investments. The Oracle of Omaha started buying shares of the manufacturer of Sheetrock drywall and other building materials back in 2000, accumulating a sizable stake that has ballooned to more than 30% of the company. USG ended up going through bankruptcy in order to get a handle on its asbestos liability claims, but thanks largely to Buffett's involvement, the building materials company not only survived bankruptcy but also saw share prices soar briefly on hopes that USG would once again fully participate in the then-strong housing boom.
- [By Stephan Byrd]
ValuEngine upgraded shares of USG (NYSE:USG) from a buy rating to a strong-buy rating in a report published on Tuesday.
A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group upgraded shares of USG from an underperform rating to a neutral rating and dropped their target price for the company from $35.00 to $24.00 in a research note on Friday, April 27th. Jefferies Group reiterated a hold rating and issued a $40.00 target price on shares of USG in a research note on Monday, April 23rd. SunTrust Banks boosted their target price on shares of USG from $42.00 to $44.00 and gave the company a hold rating in a research note on Tuesday, April 17th. Buckingham Research boosted their target price on shares of USG from $34.00 to $42.00 and gave the company a neutral rating in a research note on Monday, April 16th. Finally, Nomura boosted their target price on shares of USG from $39.00 to $44.00 and gave the company a neutral rating in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $39.00.
- [By Max Byerly]
Get a free copy of the Zacks research report on USG (USG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on USG (USG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
USG Co. (NYSE:USG) – Equities research analysts at SunTrust Banks reduced their Q3 2018 earnings per share estimates for shares of USG in a report issued on Monday, July 9th. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings of $0.57 per share for the quarter, down from their previous estimate of $0.61. SunTrust Banks currently has a “Hold” rating and a $44.00 price target on the stock. SunTrust Banks also issued estimates for USG’s FY2018 earnings at $2.05 EPS, Q3 2019 earnings at $0.71 EPS and FY2019 earnings at $2.53 EPS.
Top Cheap Stocks For 2019: Wendy's/Arby's Group Inc.(WEN)
Advisors' Opinion:- [By Leo Sun]
However, the fast casual market became increasingly crowded with rival chains like Panera Bread and Chipotle, and Zoe's got squeezed between traditional dine-in restaurants like Darden's Olive Garden and evolving fast food players like Wendy's (NASDAQ:WEN) and McDonald's (NYSE:MCD).
- [By Logan Wallace]
Wendy’s (NASDAQ:WEN) major shareholder Edward P. Garden sold 764,000 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $16.53, for a total value of $12,628,920.00. Following the completion of the sale, the insider now directly owns 240,365 shares of the company’s stock, valued at approximately $3,973,233.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
- [By ]
Throughout its history, Starbucks has mostly had a company-owned model for its retail locations, a strategy that is at odds with a trend of activist investors pushing fast food, restaurant and coffee companies to franchise locations out to raise cash for stock buybacks and debt reduction. In recent years, activists have targeted Jamba Juice (JMBA) , Potbelly (PBPB) , Jack in the Box (JACK) , Wendys Co. (WEN) , McDonald's (MCD) and elsewhere. In addition, Starbucks has a one-share, one-vote structure, which can make it vulnerable to an activist investor seeking to elect dissident director candidates as it pursued the strategy.
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