Asset allocation is an investment strategy that attempts to balance an individual’s risk over their reward, by making adjustments to the percentage of each asset in an investment portfolio.
With the uncertain Canadian financial climate in mind, many financial experts agree that asset allocation is a crucial factor in determining a portfolio return.
Retirement Planning Questions
There are numerous steps you can take to fortify your financial position going into retirement and it all starts with a plan. For starters you already know you need to save for that day and you’re likely off to a good start. But have you paused to consider what you envision that life to look like when you retire?
It’s not a fun topic to discuss, but estate planning is a necessary part of your financial checklist. If the worst were to happen and you don’t have your financial affairs organized, you could potentially leave your family with a mess to sort out. Taking care of your estate will ensure that your money stays in the family and not in the hands of the taxman.