investing

How your life stage shapes investing style

Investing »

Your age dictates investment style
Previous
1 of 7
Next

How to maximize your money for retirement
By Jean Chatzky

Your age dictates investment style © Rawpixel/Shutterstock.com

Your age dictates investment style

Age matters a lot when it comes to investing.

For example, a couple with a newborn is going to have different requirements from a person nearing retirement.

Still, equally important as age is the life stage you are in. For instance, you may be in your late 30s or early 40s when you are welcoming a new addition to the family, or you may be close to 70 before you even start thinking about retiring.

"Your age helps dictate how you invest, but at the end of the day, it all depends on your time horizon," says Brian David Neal, wealth partner at Hefty Wealth Partners in Auburn, Indiana. "A 20-year-old has a 50- or 60-year time horizon, which makes a big difference in how aggressive to get."

Whether you just found your first job or you are ready to trade the tie for a set of golf clubs, there are investment strategies you need to consider. With that in mind, here's a look at five life stages, and how experts say you should be investing during those periods.

Previous
1 of 7
Next

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement

CDs and Investment

Can heirs cash an old trust?

Dear Dr. Don, The youngest of 6 children, I am 48 years old. My father joined the Navy at 22. In Italy, he met his bride and my mother, and returned to the U.S. to raise our family. In 1959, he bought a trust certificate... Read more

advertisement

Blog

Jill Cornfield

Investors should not fear a Fed rate hike

If the Fed were seen as aggressive with rates, it could lead to a faster market slowdown, too.  ... Read more


Connect with us