WiserAdvisor
DECEMBER 18, 2023
Tailor your investment strategy Your investment choices should align with your risk tolerance and the time frame you have until retirement. Anticipated expenses For a clearer picture, consider estimating your post-retirement expenses, including housing, healthcare, transportation, food, and leisure activities.
Carson Wealth
OCTOBER 3, 2024
Creating a detailed budget that includes housing, food, transportation, travel, medical expenses and fun activities will help you understand what your financial needs will be. There are approaches to investing in retirement that seek to align your risk tolerance with your need to turn investment assets into retirement income.
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Clever Girl Finance
OCTOBER 1, 2022
Keep in mind that your basic living expenses are the essential things you need to survive; food, housing, core utilities, and transportation. Whatever you invest in, be sure to do your research, be clear on your investment objectives and understand your risk tolerance. Diversify your investments. How to invest wisely.
WiserAdvisor
JANUARY 16, 2024
The BLS data also revealed that transportation is the second-largest retirement expense, accounting for $7,160 annually or 13.7% As you plan for retirement, assess your transportation needs realistically. Consider whether owning a car is essential, especially if you live in an area with good public transportation.
WiserAdvisor
FEBRUARY 2, 2023
Moving to alternatives like using public transport instead of private can also help. A financial advisor can help you understand your risk tolerance and develop a strategy appropriate for your risk level. It is important to eliminate anything you do not need, including entertainment, health, and food subscriptions.
WiserAdvisor
JANUARY 10, 2023
For example, use public transport instead of cabs, cook your meals at home, unsubscribe from OTT subscriptions, etc. Choose investments based on your risk tolerance. If you have a high risk appetite, build an equity-heavy portfolio. You can also cut down on discretionary spending.
Workable Wealth
JUNE 24, 2020
Since volatility looks at the statistical return of a specific asset or index, it’s important to understand how it works and what influence it may have on your risk tolerance and portfolio management. . The only sectors it doesn’t represent are utilities and transportation (which have their own index). .
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