How to Invest at Every Age
Most retirement experts and financial planners recommend workers save part of their annual income for retirement. How you save and invest in the decades before you leave a nine-to-five job impacts how you’ll spend your post-work years. Investment and trading decisions that work today may not work later. Asset allocation may need to change as they reach different life milestones and retirement age.
Key Takeaways
- Investing for retirement is important but the strategy may need to change as you age.
- Younger investors can tolerate more risk, but they often have less income to invest.
- Those near retirement may have more money to invest, but less time to recover from losses.
- Asset allocation by age plays a role in building a sound retirement…
