Monday, June 15, 2009

Do You Have Time to Get Back in the Black? WSJ.com

by Dave Kansas ~ Wall Street Journal June 14, 2009

The past couple of years have proven tough for most retirement accounts. Diversification provided some respite, but, overall, most portfolios got mauled.

In recent months, the stock market has rebounded, but most of our nest eggs have still lost a lot of money since the market topped out in 2007. And all of us have lost a lot of time.
Alas, there's no such thing as a risk-free approach to rebuilding your nest egg. Super safe may feel nice, but it pays no returns over time. A few of us are in a position to live off a super-safe approach, but most of us are trying to figure out how to get back on track.

Figuring out how to deal with your retirement portfolio depends on where you are in your life. Time is perhaps the most important element in building or rebuilding a portfolio. That's one reason we're breaking down this nest-egg analysis into age groupings, aiming to give people some ideas that suit their current situation.

Click on title for complete story from The Wall Street Journal - Enjoy! - Dorethia

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