Eldridge Financial helps you on How to Manage Your Own Money.
by admin July 3, 2012 10:00 am
Mostly, people turn their money over to professionals or stick with funds designed to automatically become more conformist as they age. However, Eldridge Financial experts say such tools can give retirees and soon-to-be retirees a false sense of security, and that successful investors are usually more involved in the decision-making process. Here’s what Eldridge Financial experts suggests instead:
Get regular check-ups
In the ’80s and ’90s, when people retired, they’d get an asset allocation developed and then forget about it because everything did so well. But if you don’t regularly rebalance your portfolios, you are at risk for being too heavily weighted in stocks or bonds. If you do have too much money in stocks, you can lose a lot when the market drops. If too much is in bonds, you might not be able to keep up with inflation. Retirees are particularly likely to fall out of balance because they’re no longer adding money to their accounts. This is why Eldridge Financial suggests review you retirement investments at least three times a year.
Eldridge Financial Blog
Posted by karlkrimson 300 days ago (http://www.eldridgefinancial-blog.com)
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