Be sure that your retirement strategy lines up with your investing style. Are you comfortable putting your money at risk? Do you prefer more stability?
The image below shows four things to consider to help you decide what kind of investor you are. Think about where you are on each line. If you’re more to the left, you’re conservative. More to the right, aggressive.
Retirement timeline: Are you far away from retirement or getting close?
Risk tolerance: Are you very comfortable with investment risk or not comfortable at all?
Income needs: Do you need income now or can you wait until later?
Growth needs: Are you aiming for high growth or more safety and stability?
Where do you fall on each line? And what kind of investor does that make you?