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ILLUSTRATIVE EXAMPLE

Are our investments taking too much risk?

Connect investment risk to the goal the portfolio is meant to fund. The accounts, amounts, and answer below are fictional.

LSAMPLE ANSWERILLUSTRATIVE

THE SHORT ANSWER

I’d use new contributions to bring stocks from 88% toward 75%, rather than sell everything at once. The age-60 plan still works in this example at 75%. Your main issue is overlapping funds holding the same large companies: owning more funds hasn’t spread the risk as much as it looks.

KEY NUMBERS

Stocks now88%
Three-year target75%
Years to retirement16

WHAT MATTERS

  • Several funds hold the same large companies, so the portfolio is less diversified than the account count suggests.
  • New contributions can do most of the rebalancing without selling taxable holdings.
  • The goal does not require taking the maximum possible risk.

POSSIBLE NEXT STEPS

  • Direct new workplace-plan contributions toward bonds and broad international funds.
  • Review overlapping holdings before adding another fund.
  • Each year, check how a 25% stock-market drop would affect the age-60 plan.
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