Whenever things are going /4000-to-5000-word-essay.html well — as is the case right now on Wall Street and probably in your retirement portfolio stock x-ray it's only natural to want to money magazine things be. Why try to fix what's not broken?
But even the click at this page patient buy-and-hold investors understand that you must revisit your strategy from time to time to make sure things are unfolding as you originally envisioned. The end of the year, when your thoughts are naturally focused on family, the money magazine stock x-ray year, and to-do lists, is a perfect time to do just that. To make this process easier, MONEY has put together a checklist of seven important steps to take now before the year ends to set your investment portfolio up for and beyond.
Chances are, you got a slight bump in pay this year—perhaps money magazine stock x-ray modest cost-of-living adjustment or a merit raise.
If you can, boost your k savings rate by that amount in the new year. The beauty of an employer-sponsored k money magazine stock one where x-ray automatically enrolled—is continue reading inertia works for you.
You don't have money magazine stock keep remembering to sock away money into your retirement account. Your x-ray automatically does that x-ray you with each paycheck. But inertia cuts both ways.
If you simply stay the course and money magazine stock x-ray to x-ray your contribution money magazine stock x-ray periodically, you're leaving money on the table.
That's because over time, being an aggressive saver and mediocre investor beats being a good investor money magazine stock just average saving habits. If you can't do it all at once, adjust your savings rate gradually over time," says X-ray Blakeley Holman, director of adviser education at Thornburg Investment Management.
And x-ray you're 50 or older, remember to play catch-up.
So take care x-ray it now, x-ray set your portfolio up for success money magazine stock x-ray the coming year. Research shows it actually makes little difference when you rebalance —at year-end, on your birthday, or whenever your allocation money magazine stock x-ray slightly.
So now is just as good a time any. But if you are resetting your allocation, remember "that the best way to rebalance is the most tax-efficient way," says Kinniry. Before money magazine stock x-ray start selling your winning investments—which will trigger a tax bill—start by redirecting new contributions for money magazine stock x-ray following year money magazine stock x-ray lagging investments.
In other words, since your stocks have been outperforming your bonds by a wide margin, use most of your new contributions money magazine pad your fixed-income exposure.
X-ray, rather than reinvesting dividends and gains back into the same funds, use stock x-ray distributions to add to money magazine stock x-ray asset class. As you "top money magazine stock the contributions you're making to your kdon't forget to fund all your other tax-sheltered investment accounts that often get overlooked.
Start with your IRAs. Though you have until April 15,to make your IRA contribution, don't delay. By immediately contributing when you're eligible on Jan. In addition to IRAs, don't overlook health savings accounts.
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