9 Retirement Decisions That Can Ruin You Financially

4)  Risky Investment Portfolio

As you near retirement age, many financial advisors suggest reassessing your investment portfolio. While having risky investments with high rewards is okay when you’re younger,

generally it’s not a good idea to have a portfolio that’s too risky when you’re about to retire. You don’t want to risk losing a lot of money on an investment right before you retire. If this happens, you may have to delay your retirement. If you’re getting close to retiring, meet with a financial advisor and have them assess the risks in your portfolio. Ask your advisor to give you some low-risk options and focus on those investments in the months before you retire. This way, you’ll be able to earn some money from your investments, and you won’t have to worry about losing your retirement nest egg.