This article is part of the Morningstar Retirement Week special report.
Earlier this week, we talked about how, before picking funds, it is important to understand the asset class and its corresponding risk/return profile. Just as important as contributing new assets into the tax shelter, is to review your overall asset mix and ensure that the asset mix is still suitable to your risk profile. There is no one-size-fits-all formula for what the right asset allocation should be, but broadly speaking the older your get (and the lower the amount of risk you can take on) the less you have in equities (stocks).
Are you getting the right returns?
Get our free equity indexes to benchmark your portfolio here