Investing for retirement can seem daunting, with seemingly endless possibilities, With so many economic headwinds, it can be nerve wracking to choose the right place to start. According to a survey from BlackRock, a staggering 57 million Americans lack access to a 401(k) or employer-sponsored retirement plan and 40% of those surveyed feel they are off-track for retirement goals. Rachel Aguirre, BlackRock US Head of iShares Product, joins Yahoo Finance to discuss the results of the survey and give insight into why ETFs should be on the top of Americans list to start investing for retirement.
Aguirre gives advice on investing: “It is just absolutely necessary that people begin to invest in the market and we know that that has been challenging in the recent history just because of the volatility that we have been experiencing in the market. But, here’s the thing, one of the things we like to say is that time in the market is so much more important than trying to time the market. It’s nearly impossible to time the market, but if you are a long-term investor, you have to be in the market.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
