Life Stage: I am in my 50's

You should be really enjoying your life these days. You have a terrific family, your career is gratifying, you have officially entered your peak earning years, and you’ve been saving diligently. Now, you need to re-examine your portfolio to play defense.

When you were younger, you had time to take make up for losses, so you took greater risk. Now, the opposite applies. Make sure your portfolio is in line with the risk you are willing to take.

5 Key Steps:

  • Reduce risk by rebalancing your portfolio
  • Monitor emergency fund and catch up all 401(k) and IRA contributions
  • Eliminate debt
  • Check social security and pension (if applicable) status
  • Prepare exit strategy

If you're enjoying more "extra" earnings now, be sure to invest enough to enjoy later.

Stop by or call Robert today for an appointment to discuss your personal financial needs and help you down the road to financial success. Call 281.422.3611 or 800.238.3228.

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These articles have been provided to you by Community Resource Credit Union for informational purposes only.