The key is to address the roles of these elements in your retirement planning — now. And remember, tolerance doesn’t always conform to answers on a questionnaire. Be prepared to flex if your portfolio hits a rocky point along the way. In reality, that 30% loss could seem more painful than you had expected when you filled out that questionnaire. Consult with your financial advisor and configure your portfolio so that risk tolerance and risk capacity work for you in acceptable — and sustainable — ways.
The $16,728 Social Security bonus most retirees completely overlook
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after.