Wednesday, June 6, 2007

CNN Money on Risk and Late Retirement Saving

Walter Updegrave counsels a late-bloomer on Late Retirement Saving and risk at CNN Money (

Jo is 55 years old, with only $15,000 in retirement savings. Wow--she's in worse shape than I am.

I found myself in agreement with most of Updegrave's advice, especially about the need to increase monthly contributions.

He does say she should keep 25 to 30% of her retirement funds in bonds, which is not what I do. While I agree that eventually I will need to become more conservative and have more bonds in my portfolio, at the moment, I am 100% invested in stock mutual funds.

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