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What are some recommendations for balancing a 401k portfolio?

April 26, 2017portfolio recommendations

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What are some recommendations for balancing a 401k portfolio?

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Balancing a portfolio is important to be sure investments are on track with the retirement game plan. If a person wonders whether or not to rebalance, they should discuss their goals, risk tolerance, and other concerns with a financial advisor to be sure rebalancing is necessary. Age and how close a person is to retirement will dictate whether a portfolio will consist of investments for growth, income, or a combination of both. In addition to age, the risk tolerance and the overall retirement goals should be considered. If the decision to rebalance a portfolio is made, an employee should be sure to question whether or not there could be a redemption charge and if there is, how much this redemption charge will be.