Revisit Your Asset Allocation
No one enjoys the recent market fluctuations.
But if these fluctuations have caused you extreme discomfort,
then it's probably time to reassess your asset allocation. To
do so, follow these steps...
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Is 10% Enough?
A common rule of thumb when planning for
retirement is to save 10% of your gross income during your working
years. Since this rule of thumb has been around for a long time,
it's logical to question whether it's still an appropriate guideline.
Several trends suggest that it is probably on the low side.
[FULL ARTICLE]
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Caught in the Middle
At a time when baby boomer couples should
be saving for their own retirements, many feel squeezed by competing
financial needs. Having started families later than past generations,
their children may just now be entering college or still living
at home. At the same time, aging parents may need financial assistance.
It is a dilemma that is likely to become more common.
[FULL ARTICLE]
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The Problem with Average Returns
When setting up an investment program, the
assumed rate of return is typically an average return for some
historical period. While that is generally viewed as a conservative
approach, there are some problems with using an average return.
[FULL ARTICLE]
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Time to Reassess Your Risk Tolerance
Typically, before deciding how much to allocate
to different investment categories, you answer several questions
about your tolerance for risk. While it can be difficult to judge
how you will react to different scenarios, the recent stock market
fluctuations have provided a real-world test of theoretical answers.
[FULL ARTICLE]
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