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I'm 65 and Retiring. How Should I Manage My $1.1 Million Portfolio?


Published on 2025-03-17 16:41:17 - SmartAsset
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  • Your financial objectives and risk tolerance will primarily dictate how you structure your portfolio. But you'll also want to consider taxes and fees, your potential lifespan, need for long-term care and desire to leave an inheritance behind.

The article from MSN Money discusses strategies for managing a $1.1 million retirement portfolio for someone aged 65. It emphasizes the importance of balancing growth with income generation and risk management. Key points include: diversifying investments across asset classes like stocks, bonds, and possibly real estate; considering the shift towards more conservative investments as one ages, but still maintaining some growth-oriented assets to combat inflation; the potential use of annuities for guaranteed income; the importance of understanding one's risk tolerance and adjusting the portfolio accordingly; and the need for regular portfolio reviews and rebalancing. The article also touches on the benefits of consulting with a financial advisor to tailor the strategy to personal circumstances, including tax considerations, withdrawal strategies, and legacy planning. It highlights the necessity of a withdrawal rate that ensures the portfolio lasts throughout retirement, often suggesting the 4% rule as a starting point, but with adjustments based on market conditions and personal needs.

Read the Full SmartAsset Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/i-m-65-and-retiring-how-should-i-manage-my-1-1-million-portfolio/ar-AA1o23lv ]