Five Steps to Sorting Out Your Asset Allocation

Investing decisions can be daunting, but following this five-step process can make it easier to figure out how to allocate your investments.

Puzzle pieces spell out the words asset allocation.
(Image credit: Getty Images)

Maintaining a stable and secure income is an essential financial priority for retirees. Risks such as inflation, stock market fluctuations and unexpected expenses can pose threats to retirement security and cause sleepless nights. Fortunately, retirees and people approaching retirement can take steps to help ensure their retirement income remains secure.

One essential component of retirement security: strategic consideration of investments.

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Carol A. Bogosian, ASA
President, CAB Consulting

Carol is a retirement actuary who retired after a 30-plus-year career of consulting with corporations, non-profits and governmental employers on their employee retirement programs. She is a member of the Society of Actuaries Committee on Post Retirement Needs and Risks, the Aging and Retirement Strategic Research Program and the Research Executive Committee providing leadership, project oversight and speaking and media work for the research produced by the committees. She has a focus of interest on managing risks in retirement for individual retirees and increasing retirement financial literacy so people can retire with a secure lifetime of income.