The Importance of Coordinating Your Investment Strategy for a Complete Retirement Plan, Ep. 268

1. Scattered investment accounts.
Having old 401ks and IRAs in many different places, often not properly invested, is a common problem. This makes it difficult to have a coordinated investment strategy.

2. Mismatched risk tolerance.
Many people believe their investments are more or less aggressive than they actually are. Analyzing the underlying holdings often reveals a portfolio that doesn’t align with stated risk preferences.

3. Lack of diversification.
Having multiple accounts doesn’t necessarily mean you’re well-diversified. The funds could hold the same underlying investments, concentrating risk.

4. Inattention after a long bull market.
With stocks performing well for the past 10-15 years, many haven’t felt a need to adjust. But periodic rebalancing is important to control risk.

5. Unrealistic spending assumptions.
Most people spend what they earn, so it’s critical to have a detailed budget to provide an accurate picture for retirement planning. Silent expenses like old subscriptions often go unnoticed.
The key takeaway is that having a comprehensive financial plan and an investment strategy tied to it is crucial. Regular review of your total portfolio, risk level and spending is an important part of keeping your retirement on track. Reach out to an advisor for help coordinating accounts and aligning your investments with your goals.

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