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Investing for Retirement – Pitfalls to Avoid
As the Baby Boomer generation starts to retire, they are starting to put more focus in researching investment options that will sustain their lifestyle after work. One of the most common mistakes being made is investing too much in to the stock market. This may be fine for millennials, but those nearing retirement age may be taking on too much of a risk investing in this way. One rule of thumb to follow is to invest in bonds proportionally to your age, the older you are the higher percentage of your investments should be bonds over stock market. The reason for this is risk assessment, though bonds have a lower return they are the safer option in the short term. Michael McDonald goes over this and more in this article at gobankingrates.com.