How to set your savings rate

Savings rate rules of thumb are better than nothing, but smart investors customize their own savings targets

Christine Benz 26 July, 2019 | 2:16AM

Piggy bank

Awhile ago, I had a friend who was worried about his retirement portfolio approach me. Was he too conservatively positioned, he wondered? Would adding more small-cap stocks help him bridge the shortfall in his retirement piggy?

After taking a look, I didn't find dramatic problems at the portfolio level, though I agreed he could add a dash more small-cap exposure by supplanting his S&P 500 Index fund with a total stock market index tracker.

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About Author

Christine Benz

Christine Benz  Christine Benz is Morningstar's director of personal finance and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and the Morningstar Guide to Mutual Funds: 5-Star Strategies for Success. Follow Christine on Twitter: @christine_benz.

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