3) They’ve Got a Strong Portfolio
The financial planning part of retirement is tricky – there’s no doubt about that. That’s why working with a financial advisor who specializes in retirement is key. Ask questions about what investments your spouse has made and stay informed about what’s going on with your investments. A strong portfolio should include a mix of stocks, bonds, mutual funds, and perhaps an annuity. It may be easy to get carried away, so a good general rule of thumb is having no more than 5 or 6 different investments. It’s also imperative to know each investment inside and out. If you don’t really know where the money is going or coming from, it’s impossible to truly tell if that investment is necessary. Make sure you know exactly why you bought each investment, what the risks are, and what you’re getting in return.
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