I always say start with the global allocation, and only makes changes from that if you can express a rational reason to do so.
I would also separate and prioritize the major financial goals. Retirement will require far more money than anything else you save/invest for -- I would put first priority on that. If you're planning to purchase a house near retirement age, then you will either need a lot money up-front to pay cash, or for an extended period to pay a mortgage. Retirement (whether or not by choice) is a certainty, house purchase is not -- and the potential cost has options for reduction.
I would also separate and prioritize the major financial goals. Retirement will require far more money than anything else you save/invest for -- I would put first priority on that. If you're planning to purchase a house near retirement age, then you will either need a lot money up-front to pay cash, or for an extended period to pay a mortgage. Retirement (whether or not by choice) is a certainty, house purchase is not -- and the potential cost has options for reduction.
Statistics: Posted by GAAP — Thu Aug 08, 2024 12:50 pm