Managing your portfolio with new risks and priorities in mind takes careful planning and regular monitoring. Here are tips from Merrill on how to get started.
Heads up: Investing in retirement is not the same as investing for retirement. All the smart strategies you used to accumulate enough for retirement will likely need adjusting as you enter the next chapter of your life.
Think of it as a shift in perspective from investing for the really long term to being much more prepared for shorter-term risks. “If anything, investing in retirement is a bit more complex, given the variety of potential risks and uncertainties,” says Anil Suri, a managing director in the Chief Investment Office (CIO) for Merrill and Bank of America Private Bank.
So where do you begin? It can start with a thorough portfolio review with your advisor, ideally at least three years before you retire. After…
