Near the end of the year, after the market has been up 20%+ for the past 2 years: now is a good time to check in on your portfolio balance. Do you still have the correct mix of stocks and bonds to meet your goals? 🤔

It’s important to understand your financial goals and have a portfolio balance that has the best chance to reach them. And if you had that dialed in (you did, right!?) - then it might currently be out-of-whack. The stock market has gone straight up, while your bonds have been stuck on idle. So you might find that your portfolio has too many stocks, leaving you at risk of a bigger fall.

Check out your entire portfolio, not just your 401(k). Don’t forget about your brokerage account, your IRA and if you’re married: double those. Add it all together and see where you sit in stocks versus bonds. Does that match your goals, risk tolerance, and risk capacity?

Find out more about Mike at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/