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…
