Nearing Retirement? Here’s How to Get Your Investment Mix Just Right
When you’re still decades away from retirement, your portfolio has time to recover from a market downturn. But as you approach the date when you leave the traditional nine-to-five behind, your window for recovery shrinks. As a result, your ability to take risks will likely diminish. Your investment mix needs to be able to support your portfolio throughout retirement while maintaining stability during periods of volatility.
Let’s explore what it takes to manage risk and return as retirement nears.
Key Takeaways
- Understanding the relationship between risk and return is crucial for retirement planning.
- Asset allocation plays a key role in balancing risk and return as retirement approaches.
- Assessing your personal risk tolerance…
