Manage Your Portfolio in Retirement to Make Your Money Last

Manage Your Portfolio in Retirement to Make Your Money Last

You worked hard, made some sacrifices, and saved up so you could retire comfortably. This doesn’t mean financial planning stops now. It’s important to actively manage your portfolio and maybe re-balance your investments occasionally to make your money last throughout your retirement. There are two important questions to ask yourself to determine the best approach to managing your money after retirement: How can you invest your money while avoiding risks? How much can you afford to withdraw to live comfortably without running out of money? Start by establishing a budget. Make a list of all your monthly expenses to get an idea of how much you will have to withdraw from your portfolio. read...

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