Are You Making These 5 Common Retirement Mistakes?

Retirement Talk Podcast with Laura Stover

Investors often underestimate the risk in their portfolio. Today, Laura Stover and Michael Wallin break down 5 common portfolio mistakes, as outlined by Christine Benz in Morningstar. They are portfolio sprawl, when your assets often overlap and have too high a correlation A redundant individual stock portfolio can be risky as well. For example, if you are overly weighted in tech stocks, what happens if there is a chip shortage?

Other risks include also-ran mutual funds, asset allocation not formed by the plan, and suboptimal asset allocation. It is crucially important to develop a plan that works for your individual situation, and stick to it. This includes modifying your portfolio when necessary.

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https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188

How to Connect:

redefiningwealth.info

lswealthmanagement.com

Schedule a Review: https://redefiningwealth.info/schedule/

Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/

Rate, Review and Subscribe to the Podcast:

https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188

How to Connect:

redefiningwealth.info

lswealthmanagement.com

Schedule a Review: https://redefiningwealth.info/schedule/

Timestamps (show notes):

0:00:49 Discussion on common portfolio mistakes

0:02:05 Portfolio sprawl and the importance of diversification

0:03:41 Redundant individual stock portfolios and the risks involved

0:05:59 The drawbacks of relying too heavily on mutual funds

0:07:51 The benefits of diversification and asset allocation

0:12:31 The impact of suboptimal asset location on taxes

0:18:39 The importance of dividing assets into income and growth

0:19:16 The need for a comprehensive retirement plan

0:26:45 The importance of tax alpha in retirement portfolios