As the markets rise and fall, your portfolio will gradually move away from its target allocation. This is important to note because, as an investor, your investments should be allocated according to your risk tolerance, time horizon, and personal goals.
Contributing to your 401(k), deferring money from a paycheck to save for retirement, is a simple, convenient and important action we advise all employees to take advantage of at their workplace when offered.
There is no magic number as to how much is “enough” to have saved for retirement. Each individual has different goals and different financial circumstances.
It is almost impossible to turn on the TV, radio, or the internet without seeing financial headlines that are intended to influence investors’ portfolio decisions.
Most people would attest to the fact that the first – and oftentimes only – piece of data that they look at when evaluating their investments’ performance is annual return.
It is within this sanctity of mathematics that we see the very real evidence that many everyday workers have graduated from their careers with million-dollar plus retirement portfolios.