Volatility in the market is causing a lot of retirement savers to pull their money out of the market, but Fidelity thinks they might be over reacting. For instance, what happens if you take your money out and then the market goes up? Then you're just leaving money on the table. Troy talks a bit about this and the risks associated with pulling your money out of the market during volatility. The age-old idea of the 60-40 portfolio (60% stocks & 40% bonds) is the "traditional" portfolio that most investors have stuck with throughout most of their savings history, but Bank of America says that traditional portfolio just isn't cutting it anymore. What's the new mix look like?
Retirement 360 is a Sunday morning radio tradition in the Louisville, Kentucky area, running for well over a decade. Alan Mercuio and Troy Bolton of Mercurio Wealth Advisors take a look at economic issues and topics related to retirement planning, as well as educating listeners to help prepare them for their post-working years, whatever they may have in mind for them.