Thursday, March 1, 2012
GIVE YOUR PORTFOLIO A CHECKUP: STEP FOUR
12:33 PM | 
Posted by
pensionfinancialservices |
The concluding excerpts from a four-step 2012 piece in Fidelity Investor’s Publications on “evaluating your investments and performance” comprise a Plan for the Future.
“The ultimate purpose of a portfolio checkup is to bring your investments into line with your evolving goals. That’s why it is critical that you start with a plan that includes clear goals. For example, if you are retired and will be withdrawing assets from your portfolio, check the income your portfolio is likely to produce from bond interest and principal payments, as well as stock dividends and other sources. With that information in hand, you may need to sell securities to meet your cash needs.
“If you are still saving toward your goals, you can make plans about strategic ways to put your money to work. You may want to direct new investments to the most attractive securities or funds in under-represented asset classes. Keep taxes in mind as you make these decisions. For example you might decide to fully fund or contribute to an IRA rather than invest through a taxable account.”
Speaking of taxes, Kevin McCormack, President, Pension Parameters Financial Services, reminds you again that as you prepare to file your 2011 returns, “it’s an ideal time to call your retirement planning advisor to help ensure that your goals are aligned with your comfort level for the balance of this year.”
To set up an appointment with Pension Parameters, call 212-675-9360 or 732-583-1313.
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