We have found that many retirees even those who’ve planned and saved well for decades harbor a distant fear that their money may not last as long as needed. When it comes to your retirement income, knowing what you can control and by how much may help you rein in fear of “running out” and instead, save your energy for the things you can change.
Here’s how to achieve a level of comfort, not just with the parts you can control, but even the things you can’t.
Where Your Money Lives
• How and where you put your money to work is one of the largest areas of influence you have. Asset allocation decisions affect total portfolio risk more than any other factor, according to “Determinants of Portfolio Performance,” a study published in the Financial Analysts Journal.