One of the most important times in life to bring order to your investment portfolio is when you’re nearing retirement. Three essential tips:
Size up spending.
Years before you retire, determine what you want your portfolio too once you stop working full-time. Work up a retirement budget and add up your sources of income such as Social [...]
Investment experts generally agree that five to eight mutual funds are sufficient to cover any investor’s desired risk and return. Ideal fund types for a diversified portfolio:
CORE PORTFOLIO:
A good, basic mix includes one large-cap fund (or an index fund based on the S&P 500) and a mid-cap, small-cap, international, and bond fund.
TWEAKING THE CORE:
To further [...]
Too many investors obsess over beating the annual return of major market indexes such as the S&P 500. If matching the performance of indexes is sufficient to meet your retirement needs, here’s how to create a portfolio using index funds – funds that simply track a particular index and make no attempt to beat it.
Step [...]
Common sense plays a big role in financial planning. In many cases, you may be able to take on financial projects yourself and save a fortune in fees:
Investing.
Instead of hiring a financial pro to create a plan and manage your investment portfolio, save by consulting with an adviser just to set up the portfolio. Then [...]
