{"id":8365,"date":"2017-03-15T06:46:38","date_gmt":"2017-03-15T13:46:38","guid":{"rendered":"http:\/\/blog.paladinregistry.com\/?p=8365"},"modified":"2017-03-15T06:46:38","modified_gmt":"2017-03-15T13:46:38","slug":"3-tips-to-managing-investments-smarter-in-retirement","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/","title":{"rendered":"3 Tips To Managing Your Investments Smarter In Retirement"},"content":{"rendered":"

Retirement means no more hard work, right?\u00a0 Think again!\u00a0 When you retire, your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want.<\/p>\n

With longevity trends on the rise, this is no simple task.\u00a0 Combine that with record low interest rates of late, and it\u2019s even more challenging.<\/p>\n

Many people figure they can do this alone.\u00a0 However, this is a big gamble\u2026 you could end up short of money when you are least prepared to do without and unable to work.<\/p>\n

Your best bet is always to work with a professional financial advisor, simply because there is so much at risk.\u00a0 However, you need to choose the right professional who will help you objectively and not try to sell you products.\u00a0 Be sure to check out an advisor carefully before hiring\u2014you want to use a fiduciary, who is a person legally required to always act in your best interests.\u00a0 There are several other things to look for<\/a><\/span><\/strong>, or you can rely on an independent agency that evaluates and rates financial advisors on these important factors, such as Paladin Registry<\/a><\/span><\/strong>.<\/p>\n

Regardless, it\u2019s always best to stay educated and involved, so you\u2019re smart to be taking this seriously.<\/p>\n

Here\u2019s our tips to help make sure your money lasts as long as you do.<\/p>\n

Tip #1:\u00a0 Be sure you are taking the right amount of risk.\u00a0<\/strong>\u00a0<\/strong><\/h3>\n

Risk is an inevitable part of life, but here\u2019s the thing:\u00a0 you can afford to take risks and fail when you\u2019re young, when you have decades to recover.\u00a0 As you approach retirement, however, you don\u2019t have that luxury.\u00a0 With little time to recover, you don\u2019t want to discover too late that you were not doing this right.<\/p>\n

And, this is a delicate balancing act:\u00a0 too much risk and you stand to lose big if you get caught on the wrong side of the market.\u00a0 On the other hand, too little risk, and your money will not keep up with inflation.\u00a0 This may be more gradual than a bigger stock market correction, but over time can be just as dramatic.<\/p>\n

Complicating things, most of us humans are naturally poor at evaluating our own risk tolerance.\u00a0 Most of us feel more comfortable with risk, for example, after the market has been going up for years.\u00a0 Think pre-dotcom, when everyone wanted to talk about their latest investments.\u00a0 It seemed safe to continue to add money to stocks simply because everyone else was doing it.\u00a0 \u00a0\u00a0Fast forward to after the dotcom crash, or 2008.\u00a0 Suddenly, there was no more talk of stocks at cocktail parties\u2026no one wanted to touch them.\u00a0 Sadly these natural instincts get us into trouble.\u00a0 We claim we have more risk tolerance when markets are going up, so we take on more risk at the worst time.\u00a0 Then when markets correct and there\u2019s much less risk, we suddenly have no appetite for risk.<\/p>\n

So be aware of these tendencies.\u00a0 When you work with a professional, they can help you carefully evaluate your ability to take risk, which is really more important than your attitude about risk.<\/p>\n

They can also \u201cstress test\u201d your investments to see how you will fare in all types of scenarios.\u00a0 Knowing you will be okay in any weather is great for the peace of mind.<\/p>\n

Tip #2:\u00a0 Vigilantly manage your investment expenses.<\/strong><\/h3>\n

Just like inflation can eat into your buying power, these \u201chidden\u201d expenses can reduce your returns and income from your portfolio.\u00a0 What are these?\u00a0 Typical expenses include the expense ratio for each mutual fund or exchange-traded fund (ETF) you own.\u00a0 This fee doesn\u2019t appear on your mutual fund statements so you have to look for it.\u00a0 This fee is in addition to what you pay your financial advisor and it represents the payment to the fund or ETF manager as well as the funds or ETF administration costs.<\/p>\n

There can be other fees too such as transaction fees and loads.<\/p>\n

Always consider all of these fees and expenses when selecting mutual funds and ETFs.\u00a0 Look to see if there is a similar, lower cost option so you can reduce your expenses.\u00a0 The good news is\u2026any reduction in expenses goes straight to your bottom line.\u00a0 It\u2019s the easiest way to increase your earnings without increasing your risk.<\/p>\n

If you use a financial advisor, be sure to always ask him or her if they are using the lowest cost options for each investment you own.\u00a0 If you hire someone who is not a fiduciary, it\u2019s perfectly legal for them to put you into more expensive funds simply because it pays them bigger commissions, as long as the investment is generally \u201csuitable\u201d for you.\u00a0 That\u2019s unfortunately very common\u2014to the tune of costing Americans about $17 billion per year<\/a><\/span><\/strong>-so it pays to stay alert for this.\u00a0 Currently, the government is grappling with creating regulations to avoid this, but in the meantime, you can usually avoid these situations by working only with fiduciaries.<\/p>\n

The payoff?\u00a0 Even a small decrease in investment expenses can result in a large cumulative gain over the years. \u00a0It\u2019s the lowest risk way to keep your money working harder for you.<\/p>\n

Tip #3:\u00a0 Manage your taxes by holding investments in the most tax-efficient manner. \u00a0\u00a0<\/strong><\/h3>\n

Another way to cut your costs is to reduce your income tax load on your investments.\u00a0 An easy way to do that is to make sure you are holding investments with the highest expected tax impact in your tax-deferred accounts (like an IRA). These might be strategies that involve the most activity (generating short term capital gains).\u00a0 This might also include taxable bond investments that generate interest payments that would be taxed at higher ordinary income rates.\u00a0 Then, you would keep the more tax efficient investments, like tax-free municipal bonds, in your taxable accounts. \u00a0These small tweaks can help enhance your returns, again, without taking any more risk.<\/p>\n

A lot goes into building a portfolio that can take you to the finish line. If you do it yourself, be very careful to make sure you\u2019re not taking more, or less risk, than you should.\u00a0 If you\u2019re using an outside professional, you can relax a bit, but remember, it\u2019s your money!\u00a0 No one will ever watch it as closely as you do.\u00a0 Don\u2019t put it on auto-pilot and assume everything is handled for you.\u00a0 Stay involved, ask questions and always<\/u><\/strong> monitor your monthly statements.<\/p>\n

Jeanne Klimowski is Founder of Wavelength Financial Content Inc.<\/a><\/span>, a provider of employee financial wellness programs and digital content for financial advisors.\u00a0<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Retirement means no more hard work, right?\u00a0 Think again!\u00a0 When you retire, your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want. With longevity trends on the rise, this is no simple task.\u00a0 Combine that with record low interest rates of late, and it\u2019s even more challenging. Many people figure they can do this alone.\u00a0 However, this is a<\/p>\n","protected":false},"author":98,"featured_media":8374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117],"tags":[],"class_list":["post-8365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement"],"yoast_head":"\n3 Tips to Managing Your Investments Smarter in Retirement<\/title>\n<meta name=\"description\" content=\"Retirement means no more hard work, right? Not! Your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Tips to Managing Your Investments Smarter in Retirement\" \/>\n<meta property=\"og:description\" content=\"Retirement means no more hard work, right? Not! Your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/\" \/>\n<meta property=\"og:site_name\" content=\"Paladin Registry Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-15T13:46:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeanne Klimowski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PaladinRegistry\" \/>\n<meta name=\"twitter:site\" content=\"@PaladinRegistry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeanne Klimowski\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/\",\"name\":\"3 Tips to Managing Your Investments Smarter in Retirement\",\"isPartOf\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg\",\"datePublished\":\"2017-03-15T13:46:38+00:00\",\"dateModified\":\"2017-03-15T13:46:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/19feb398afeb2b700eed34176eec783d\"},\"description\":\"Retirement means no more hard work, right? Not! Your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#primaryimage\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg\",\"contentUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg\",\"width\":620,\"height\":360,\"caption\":\"managing investments in retirement\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.paladinregistry.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Retirement\",\"item\":\"https:\/\/www.paladinregistry.com\/blog\/category\/retirement\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"3 Tips To Managing Your Investments Smarter In Retirement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#website\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/\",\"name\":\"Paladin Registry Blog\",\"description\":\"Helping You Make Better Financial Decisions\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.paladinregistry.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/19feb398afeb2b700eed34176eec783d\",\"name\":\"Jeanne Klimowski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Jeanne-Klimowski-96x96.jpg\",\"contentUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Jeanne-Klimowski-96x96.jpg\",\"caption\":\"Jeanne Klimowski\"},\"description\":\"Jeanne is CEO and Founder of Wavelength Financial Content Inc., a provider of financial wellness programs and online content for the financial industry. Her mission is to help demystify finance and investing for everyday Americans, and help them get the assistance they need from financial professionals. She previously founded and sold two niche finance companies in California and served as an Adjunct Professor at California community colleges. Her credentials include a Series 65 registration and previous Series 24, 7, and 63 FINRA licenses.\",\"sameAs\":[\"http:\/\/www.wavelengthfinancial.com\"],\"url\":\"https:\/\/www.paladinregistry.com\/blog\/author\/jeanne-klimowski\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"3 Tips to Managing Your Investments Smarter in Retirement","description":"Retirement means no more hard work, right? Not! Your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/","og_locale":"en_US","og_type":"article","og_title":"3 Tips to Managing Your Investments Smarter in Retirement","og_description":"Retirement means no more hard work, right? Not! Your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want.","og_url":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/","og_site_name":"Paladin Registry Blog","article_published_time":"2017-03-15T13:46:38+00:00","og_image":[{"width":620,"height":360,"url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg","type":"image\/jpeg"}],"author":"Jeanne Klimowski","twitter_card":"summary_large_image","twitter_creator":"@PaladinRegistry","twitter_site":"@PaladinRegistry","twitter_misc":{"Written by":"Jeanne Klimowski","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/","url":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/","name":"3 Tips to Managing Your Investments Smarter in Retirement","isPartOf":{"@id":"https:\/\/www.paladinregistry.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#primaryimage"},"image":{"@id":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#primaryimage"},"thumbnailUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg","datePublished":"2017-03-15T13:46:38+00:00","dateModified":"2017-03-15T13:46:38+00:00","author":{"@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/19feb398afeb2b700eed34176eec783d"},"description":"Retirement means no more hard work, right? Not! Your new job is to make sure your money lasts long enough to keep you living in the lifestyle you want.","breadcrumb":{"@id":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#primaryimage","url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg","contentUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/03\/managing-investments-in-retirement-1.jpg","width":620,"height":360,"caption":"managing investments in retirement"},{"@type":"BreadcrumbList","@id":"https:\/\/www.paladinregistry.com\/blog\/retirement\/3-tips-to-managing-investments-smarter-in-retirement\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.paladinregistry.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Retirement","item":"https:\/\/www.paladinregistry.com\/blog\/category\/retirement\/"},{"@type":"ListItem","position":3,"name":"3 Tips To Managing Your Investments Smarter In Retirement"}]},{"@type":"WebSite","@id":"https:\/\/www.paladinregistry.com\/blog\/#website","url":"https:\/\/www.paladinregistry.com\/blog\/","name":"Paladin Registry Blog","description":"Helping You Make Better Financial Decisions","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.paladinregistry.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/19feb398afeb2b700eed34176eec783d","name":"Jeanne Klimowski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Jeanne-Klimowski-96x96.jpg","contentUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Jeanne-Klimowski-96x96.jpg","caption":"Jeanne Klimowski"},"description":"Jeanne is CEO and Founder of Wavelength Financial Content Inc., a provider of financial wellness programs and online content for the financial industry. Her mission is to help demystify finance and investing for everyday Americans, and help them get the assistance they need from financial professionals. She previously founded and sold two niche finance companies in California and served as an Adjunct Professor at California community colleges. Her credentials include a Series 65 registration and previous Series 24, 7, and 63 FINRA licenses.","sameAs":["http:\/\/www.wavelengthfinancial.com"],"url":"https:\/\/www.paladinregistry.com\/blog\/author\/jeanne-klimowski\/"}]}},"_links":{"self":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/8365"}],"collection":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/users\/98"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/comments?post=8365"}],"version-history":[{"count":6,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/8365\/revisions"}],"predecessor-version":[{"id":8373,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/8365\/revisions\/8373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/media\/8374"}],"wp:attachment":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/media?parent=8365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/categories?post=8365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/tags?post=8365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}