It's been a grueling 2020, and portfolios have taken hits — dropping precipitously in March, and partially recovering in fits and starts since, largely due to economic, coronavirus and political turmoil. Especially this year, now is a good time to do a midyear check on portfolios, writes Christine Benz, Morningstar's director of personal finance. In A Midyear Portfolio Checkup in 7 Steps, Benz recommends steps investors — and advisors for their clients — should do to determine where the person is in retirement savings, and where they are headed. Check out the gallery to see those steps. --- Related on ThinkAdvisor:
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Sponsored by Addepar
Tech Is the New Talent Magnet: Firms That Invest in Innovation Attract Top Advisors
Sponsored by John Hancock Investment Management
As Reinvestment Risk Emerges, How Should Investors Navigate Market Uncertainty?