Retirees have been facing some difficult decisions lately due to sticky inflation and soaring rates that have been putting a strain on their wallets and retirement planning. Some are actually.
KXLY
February 24, 2021 12:11 PM Chris Davis
Posted:
Updated:
Getty Images
This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.
For some investors, IRAs may be long-term, hands-off investment vehicles. That doesn’t mean you should ignore them completely. This year, give a little love to your IRA and make sure you’re not making these common mistakes.
1. Not taking enough risk
We often talk about risk as a bad thing, but it isn’t always a four-letter word, financial advisors say. A young investor who isn’t planning to touch their IRA for 20 or 30 years should have enough time to weather near-term market swings, meaning they could take on more risk in exchange for potentially higher long-term returns. Advisors say such a portfolio could comprise mostly stocks or even all stocks instead of splitting the
5 IRA Mistakes You May Be Making msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.