Reported 5 months ago
Preston Cherry, a Certified Financial Planner, advises a 65-year-old individual preparing for retirement within the next three to five years on structuring their portfolio. He suggests considering factors like risk tolerance, lifestyle preferences, longevity, diversification, and tax implications. Cherry recommends diversifying across different assets based on individual needs and risk capacity, highlighting the importance of balancing growth and stability in the retirement portfolio. He discusses the significance of assessing risk tolerance, selecting foundational investments, and incorporating speculative assets like gold and cryptocurrencies for potential growth opportunities. Cherry emphasizes the need to consider lifestyle needs, risk capacity, and longevity while structuring the retirement portfolio, providing guidance on optimizing investments to meet financial goals and preferences during retirement.
Source: YAHOO