You Will Live to 110 or 120 Years Old, So Don't Make This One Killer Mistake About Your Retirement

You're thinking about your retirement all wrong.

"If you think you're going to retire at age 65 and die at 85, forget it," said financial expert Ric Edelman, author of The Truth About Your Future: The Money Guide You Need Now, Later and Much Later. "You're going to live to 110 or 120."

He said "retirement" won't exist in the 21st century. "That means you're going to work a lot longer and you're going to save a lot longer," he said.

Edelman points to technology, which is helping people invest. Technology, he said, has brought down the cost of investing considerably via exchange traded funds.

If you're wondering where to invest, you might want to look beyond FANG stocks, according to Charles Schwab's chief investment strategist Liz Ann Sonders. FANG is an acronym coined by TheStreet founder Jim Cramer. It stands for Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Google/Alphabet (GOOGL) .

Per Sonders' analysis, the FANG stocks, plus Apple (AAPL) and Microsoft (MSFT) , are not in the top ten for S&P performers either since the election or year-to-date.

"This obsession over these stocks as if their the sole drivers of the markets, suggests that you're simply not looking at the details," she said. "I don't think the market is as narrow as maybe some of the headlines suggest."

The top performing S&P 500 stocks so far this year are:

  • Vertex Pharmaceuticals (VRTX) (up 68%)
  • Activision Blizzard (ATVI) (up 62%)
  • Wynn Resorts (WYNN) (up 51%)
  • Lam Research (LRCX) (up 50.6%)
  • CSX (CSX) (up 49%)

What's Hot

Alibaba, day two notes: After a monster run in its stock on the heels of a bullish investor day, Alibaba (BABA) founder Jack Ma saw his net wealth rise $8.5 billion to $41.8 billion. He is Asia's richest man, according to the Bloomberg Billionaires Index.

Why not stay long this tech stock, momentum lives on: Chipmaker Nvidia (NVDA) is the best-performing S&P 500 component this quarter. The stock is up a robust 54% in June as Wall Street has become even more bullish on the company's prospects.

Must watch digital TV: Apple (AAPL) CEO Tim Cook delivered a brief, but thought-provoking comments speech at MIT on Friday.

ROBOTS: There really isn't any additional information needed on this one. Softbank Corp. (SFTBY) has struck a deal to pick up Alphabet's (GOOGL) robot-maker Boston Dynamics. TheStreet shows you inside of five seconds what Boston Dynamics does -- it's really cool stuff.

Editors' pick: Originally published June 9.

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