Broker Check

Age is Just a Number

January 16, 2024

In the world of financial planning, age has traditionally been a key factor in determining portfolio risk. However, as we navigate an ever-changing financial landscape, it's crucial to challenge the notion that age alone should dictate our approach to investment risk. 

Life Stage Matters More than Age

Instead of focusing solely on age, consider the broader perspective of life stages. Factors such as career stage, family obligations, and financial goals are vital in understanding an individual's unique situation.

    • A young professional and a retiree of the same age may have vastly different financial needs and risk tolerances.

When thinking about your investment future try to focus less about your age and more about when you would need access to your funds. That should help determine when you may need to sell, and thus could help determine appropriate times to do so.