peace of mind can be especially valuable for individuals over 50 who don ’ t have as much time to make up for financial losses as younger people . Investopedia notes that some brokerage firms do not want or allow their brokers to be fiduciaries , so investors should make sure they ’ re aware of the legal responsibilities of anyone they trust to manage their money .
• Monitor the progress of your retirement accounts . Tracking the performance of retirement accounts like a 401 ( k ) and IRA takes on more significance after 50 , even for individuals who don ’ t see themselves retiring anytime soon . Monitor how particular investments are performing and reallocate funds if certain ones have not performed well in some time . Most investments will go up and down , but people over 50 can monitor performance more closely than they used to so they get an idea of which ones are working for them and which could be compromising their ability to enjoy financial flexibility in the decades to come .
• Resist the temptation to avoid stocks entirely . A recent study published in the medical journal The Lancet found that life expectancy , which has increased dramatically across the globe since 1900 , is expected to continue increasing in developed countries in the decades to come . That means people won ’ t only be working longer , but living longer as well . Investors 50 and over can prepare for that longer life expectancy by utilizing the growth potential of stocks even after they hit the half century mark . Limiting exposure to risk after 50 is still important , but avoiding investment risks entirely could lead to a financial shortfall down the road .
Managing a portfolio after 50 requires careful consideration of various factors . Deft management of an investment portfolio after 50 can ensure investors don ’ t outlive their money .
MORRIS & HISLOPE FUNERAL HOME
5900 N . Hwy 27 , Science Hill 606-423-3131 www . morrisandhislope . com
PULASKI FUNERAL HOME
165 N . Hwy 2227 , Somerset 606-678-4166 www . pulaskifuneralhome . com
“ Providing Services Within The Means of Every Family ”
Morris & Hislope Funeral Home and Pulaski Funeral Home have been a familiar face in Pulaski County , Kentucky since our founding ’ s in 1949 & 1953 respectively
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