Should I try a do-it-yourself approach when beginning to invest 50% in stocks and 50% in bond mutual funds, or hire a financial advisor to select a basket of stock options and bond mutual funds? 

I am retired and I want to invest the money in my 401(k) and IRA accounts using the 50% stock and 50% bond asset allocation model. Do you suggest that I try a do-it-yourself approach when beginning to invest 50% in stocks and 50% in bond mutual funds? Or should I hire a financial advisor to select a basket of stock options and bond mutual funds? 

Asset Allocation, Bonds / Fixed Income, Choosing an Advisor
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March 2018

Since you are retired, you may consider meeting with a professional Certified Financial Planner for a consultation.  There are many factors in determining how best to invest your money to last you for your lifetime.

The factors you should consider are your time horizon, risk profile, and the goals you are trying to achieve.  After the consultation, you can then determine whether you want professional help or do it yourself.  One of the best aspects of professional help is that it helps you stay on target to help you achieve your goals without emotion.  A 50% stock and 50% bond portfolio may or may not be appropriate for your specific needs and goals.  A professional will help guide you to know the best asset allocation to achieve your goals.  You can go to www.plannersearch.org to locate a professional in your area.  Best wishes.

March 2018
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March 2018