{"id":32681,"date":"2023-07-07T12:05:16","date_gmt":"2023-07-07T16:05:16","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/how-to-enjoy-retirement-without-busting-your-budget\/"},"modified":"2023-07-07T12:05:18","modified_gmt":"2023-07-07T16:05:18","slug":"how-to-enjoy-retirement-without-busting-your-budget","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=32681","title":{"rendered":"How to enjoy retirement without busting your budget"},"content":{"rendered":"
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The goal of many (or most) savers and long-term investors is to achieve financial independence. The combination of building up a nest egg, paying down debt and eventually receiving Social Security payments or another source of retirement income might put you in a comfortable position, but even people who have worked together to achieve financial independence may disagree on what to do after their careers end.<\/p>\n

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Quentin Fottrell \u2014 the Moneyist \u2014 heard from one couple who are facing a quandary. They have been financially responsible, but as they near retirement, the wife wishes to be very careful with their combined investment portfolio, while the husband wants to begin spending a significant portion of it. They both make reasonable arguments. Here\u2019s what they should do.<\/p>\n

From the Help Me Retire column:<\/strong> My 57-year-old husband works three shifts and is burned out. Can he retire?<\/p>\n

You have to get there first<\/h2>\n
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Doing this even once might help encourage you or someone you know to begin saving and investing for the long term. <\/p>\n

The \u2018Magnificent Seven\u2019 stocks may not remain at the top<\/h2>\n
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Even an index that includes hundreds of stocks can be heavily concentrated. Large technology-oriented companies have led this year\u2019s 16% rebound for the S&P 500
\n SPX,
\n +0.20%<\/bg-quote>,<\/span>
\n following last year\u2019s 18% decline (both with dividends reinvested). But the index is weighted by market capitalization, which means the \u201cMagnificent Seven\u201d \u2014 Apple Inc.
\n AAPL,
\n +0.14%<\/bg-quote>,<\/span>
\n Microsoft Corp.
\n MSFT,
\n -0.37%<\/bg-quote>,<\/span>
\n two common share classes of Alphabet Inc.
\n GOOGL,
\n +0.15%<\/bg-quote><\/p>\n

GOOG,
\n +0.07%<\/bg-quote>,<\/span>
\n Amazon.com Inc.
\n AMZN,
\n +1.53%<\/bg-quote>,<\/span>
\n Nvidia Corp.
\n NVDA,
\n +2.11%<\/bg-quote>,<\/span>
\n Tesla Inc.
\n TSLA,
\n +0.99%<\/bg-quote>
\n and Meta Platforms Inc.
\n META,
\n +0.32%<\/bg-quote>
\n \u2014 make up 27.9% of the SPDR S&P 500 ETF Trust
\n SPY,
\n +0.22%<\/bg-quote>.<\/span>\n <\/p>\n

In the Need to Know column, Barbara Kollmeyer lists companies that might turn out to be among the next Magnificent Seven, based on a Goldman Sachs screen.<\/p>\n

Getting back to the current Magnificent Seven, you may be surprised to see which of the stocks is cheapest \u2014 by far \u2014 per one commonly used valuation metric.<\/p>\n

Related: <\/strong>Top investment newsletters aren\u2019t bullish on tech, Tesla or Meta Platforms. Here\u2019s what they do like.<\/p>\n

A thrill ride for EV makers<\/h2>\n
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There has been a lot of news in the electric-vehicle space this week. Here are lists of coverage organized by topic.<\/p>\n

Rising unit sales among EV makers:<\/p>\n