9 Things Everyone Must Do Before Even Considering Retirement

2) Get Rid of Risky Items in your Financial Portfolio

The closer you get to retirement, the less risk you’ll want to take in your financial portfolio. When you’re in your twenties and thirties, you can afford to invest in some riskier stock options that have high rewards if they work out. However, when you’re just a few years from retirement, it’s best not to take these risks. A wrong move could result in you having a much smaller nest egg once you retire. When you’re near retirement, it’s best to invest in some lower-grade bonds. These may have lower return rates than other stock options, but they’re also not as risky. When you’re thinking about retiring, meet with your financial planner, and ask them to assess the risk profile in your portfolio. They’ll help you decide which items you should and should not keep.