Just got off the phone with a client age 59 who wanted to come in and review his allocation towards the stock market. He has his investments in a few different locations and doesn’t know what his overall allocation is. He said “at 59 years old, I could very well be at 80% stocks now and I think that is too high.”
When was the last time you reviewed your asset allocation for all your investment accounts?
I’m talking about your current 401k and older 401k’s from previous jobs, your IRA’s, Roth IRA’s, and traditional brokerage accounts.
In times of rising stock markets complacency can set in and whereas you were initially comfortable to have 65% of your investments in the stock market, now, due to rising markets you could be at 75%.
Each year I recommend you review your allocation and rebalance your portfolio towards your target allocation.
*Diversification and asset allocation do not ensure a profit or protect against a loss. Keep in mind that there is no assurance that any strategy will ultimately be successful or profitable nor protect against a loss.
A Note from frank...
I’m going to use this blog in the future to explain how I deal with various client issues that come up throughout the course of my days and weeks, in the hopes that some of their concerns and questions are your concerns and maybe I can help you plow through and move forward. READ MORE