Investments/Retirement
Read with great interest your column on the long run in Sunday’s paper. You recommend stepping back and analyzing your risk. My wife and I are 71 and retired. Our investment portfolio is about 25% in equities and the rest in bonds and other fixed investments (all with TIAA-CREF). In general , do you feel we are in a good position, or should we perhaps move some out of this portfolio which represents about 90% of our overall savings?
Terry Says
We will only know that answer in hindsight! But since you sent in this question the stock market has gone on to make new highs! I think you are very conservatively invested. But to make sure your entire plan is on track, why not meet with a FIDUCIARY financial planner — one with your best interests at heart. He/She will ask about other issues — your spending plans, the potential cost of long term custodial care, your estate plans and other issues.
Find a fiduciary fee-only planner at Wealthramp.com.
