Not too late for improvements before you *retire
The fundamental action steps toward improving the performance of your retirement accounts are simple and primarily evolve around just getting organized:
1) Make a list of all your retirement accounts and each position in those accounts
2) Measure their performance in 2004. What did you pay for them and what are they worth?
3) Consider some changes. If you have a lemon; dump it. If you have a profit, think about locking in those gains in light of a potentially tougher market. Remember, you need to lower your risk in the higher interest rate environment which will put downward pressure on the stock market. Those near 60 or over need to lessen exposure to the stock market. The assets in your retirement account will be your income stream;you need to protect them.
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.