Where to Put Your Portfolio When You Hit 50
Reaching the age of 50 has major implications in many areas of your life -- especially your investments. If you've avoided thinking much about retirement, hitting 50 is a wake-up call to start getting your retirement financial planning in order. If you've been planning and saving for decades, it's still a good time to check in on your progress toward your financial goals and see whether any course corrections are necessary as retirement approaches.
There's no one-size-fits-all investing approach for every 50-year-old. A lot depends on when you expect to retire and how much you've managed to save for retirement thus far. Below, you'll find a few common scenarios, along with some guidance on how you might invest in each one. Look and see which scenario most resembles your own, and you'll find the guidance you need to move forward.
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Source: Fool.com
