Financial planning is a lifelong endeavor, but people often seek out investment advice that doesn’t fit their current stage in life. When it comes to saving for retirement, most Americans invest and manage those savings for six decades or longer. It’s important to consider how your resources and risk tolerance change as you move though different life stages. Saving for your retirement looks very different at age 30 compared to age 60. As financial advisors, we strive to help our clients develop retirement savings plans that are appropriate to the changing circumstances they face at every age. Here are some areas that we consider when giving age-appropriate retirement advice. Ideal Asset Allocation by Age In Your 20s: Balance Saving and Investing In Your 30s: Invest Aggressively in Stocks In your 40s: Maximize Your Retirement Contributions In Your 50s and 60s: Start Preparing for Retirement When you are in your last decades of saving for retirement, it is time to start rebalancing your portfolio. Consider moving your funds into bonds and money markets. A financial advisor can help you compile a comprehensive financial profile, assessing all your funding sources to figure out your ideal investment mix to provide income throughout your retirement. We suggest using the above tips as starting points to saving for retirement throughout the different life stages. However, regardless of age, everyone can benefit from a personalized retirement plan. As financial professionals, we are available to help you figure out the ideal asset allocation for your retirement savings plan at your stage of life. Please contact us for a complimentary consultation. Matt Logan is a Representative with Matt Logan Inc and Summit Brokerage and may be reached at http://www.mattloganinc.com/, 336-540-9700 or [email protected]. Matt Logan Inc. is an independent firm with Securities offered through Summit Brokerage Services, Inc., Member FINRA, SIPC. Advisory services offered through Summit Financial Group Inc., a Registered Investment Advisor. Summit Brokerage Services, Inc., its affiliates and Matt Logan Inc. do not give tax or legal advice. You should consult an experienced professional regarding the tax consequences of a specific transaction. These are the views of Matt Logan Inc, and not necessarily those of Summit Brokerage Services, Inc. and any of its affiliates and should not be construed as investment advice. From https://localseo0.blogspot.com/2018/09/retirement-savings-tips-from-your-20s.html from From https://juanitasmith0.blogspot.com/2018/09/retirement-savings-tips-from-your-20s.html from https://juanitasmith0.wordpress.com/2018/09/17/retirement-savings-tips-from-your-20s-to-your-60s/ from https://angelawalker0.blogspot.com/2018/09/retirement-savings-tips-from-your-20s.html
0 Comments
Leave a Reply. |