Recommended Reading: Four Books That Cover It All

    by William Reichenstein

    Recommended Reading: Four Books That Cover It All Splash image

    Through the decades, Bob and Betty Smith have acquired a healthy financial portfolio worth about $1.5 million.

    They owe their success to three factors. First, they have saved diligently, especially in the most tax-advantaged savings vehicles like the Roth IRA and 401(k).

    Second, they selected and maintained a target asset allocation with a healthy allocation to stocks. While in their 30s, their stock allocation was about 90%, but it has slowly decreased through the years and at their current age of 60 it is about 55%.

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    → William Reichenstein