For instance, do not invest your entire portfolio in technology stocks or chase high-returning and risky funds only. A more balanced portfolio, including fixed and bond funds, offers a lower return, but a great deal more stability. When diversifying, or allocating your retirement savings, you will need to consider a number of things. Your age, available assets to invest, risk tolerance, and long-term goals are just a few. You also need to consider other sources of retirement income, such as Social Security and the WRS pension.
Planning is a key element in working toward financial independence in retirement.
Slow down from the hectic life and take time to think about your retirement goals.