BE AWARE OF THE RISKS IN THE MOST POPULAR INDEX FUNDS RIGHT NOW Watch the related WEALTHTRACK episode.
ACTION POINT
MAKE SURE YOUR STOCK PORTFOLIO IS DIVERSIFIED AMONG DIFFERENT ASSET CLASSES
MAKE SURE YOUR STOCK PORTFOLIO IS DIVERSIFIED AMONG DIFFERENT ASSET CLASSES Large-cap stocks dominate U.S. stock index funds Mid-cap & small-cap stocks are under-owned Few of us own mid or small-cap foreign companies, or emerging market stocks Watch the related WEALTHTRACK episode.
MAKE SURE YOU ARE WELL INFORMED ABOUT BOTH SOCIAL SECURITY AND MEDICARE BENEFITS
MAKE SURE YOU ARE WELL INFORMED ABOUT BOTH SOCIAL SECURITY AND MEDICARE BENEFITS Get educated ahead of time If you are already collecting, review your and your spouse’s benefits Notify Medicare and Social Security if there is a change of circumstances to get benefits updated Watch the related WEALTHTRACK episode.
CONSIDER ADDING SOME ETFs TO YOUR PORTFOLIO
CONSIDER ADDING SOME ETFs TO YOUR PORTFOLIO Low cost, tax efficient, transparent Represent every asset class:Stocks, bonds, commodities alternatives. “From micro to mega caps, from Argentina to Vietnam, from Treasuries to junk bonds and from aluminum to wheat…” – Matt Hougan Watch the related WEALTHTRACK episode.
CONSIDER SOME HIGH ACTIVE SHARE FUNDS WITH LOW TURNOVER
CONSIDER SOME HIGH ACTIVE SHARE FUNDS WITH LOW TURNOVER Most investors moving into passive index funds Contrarian move would be to own a few actively managed funds Add low turnover as a criteria Watch the related WEALTHTRACK episode.
DEVELOP AN ALTERNATIVE RETIREMENT INCOME SOURCE
DEVELOP AN ALTERNATIVE RETIREMENT INCOME SOURCE Can tap during market declines Avoid drawing down investment portfolio ADVANCE PLANNING Set up home equity line of credit Establish reverse mortgage line of credit Set up when conditions are favorable Can use when they are not Watch the related WEALTHTRACK episode.
