Age milestones and re-evaluating your investments?

[Katrina]

My husband and I are in our 50s and apparently my husband, who is in charge of the investments, neglected to re-evaluate them once we turned 55. He's been spending the last few nights changing things to less aggressive investing since we're getting closer to retirement age.

If you've hit an age milestone, did you go through your investments to make sure you're in line with the suggestions for that age group?

 

[Olumide]

Reevaluation of investments is necessary to ensure your objectives are always met. Risk tolerance may change as one grows older. For example, older people would prefer a more stable investment with regular returns since they may have retired. Younger people may be more risk tolerant and aggressive.

 

[greenhost.cloud]

My husband and I are in our 50s and apparently my husband, who is in charge of the investments, neglected to re-evaluate them once we turned 55. He's been spending the last few nights changing things to less aggressive investing since we're getting closer to retirement age.

If you've hit an age milestone, did you go through your investments to make sure you're in line with the suggestions for that age group?

It's great that your husband is taking the time to re-evaluate your investments as you approach retirement. Milestones like turning 55 can signal a shift in strategy, and it’s a good practice to review your portfolio regularly. Many of us have found that a little adjustment can bring peace of mind for the years ahead!

 

[Yoda]

I wouldn’t say I’ve hit a milestone age yet where I’ve re evaluated finances and investments, I would say though as I get older, my priorities have shifted in terms of where my money goes.

More and more is going towards savings so I have some level of a ‘pot’ for when I retire and I’m not as haphazard at throwing money at things I haven’t researched or has evidence to back it up as I once was.