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Tag Archives: rebalancing your portfolio

How Often Should You Rebalance Your IRA And What Funds Do You Choose?

Hopefully everyone reading this already has some form of retirement account set up or is planning to get started in the near future. I began contributing to my retirement plan as soon as I had a real job, which wasn’t until I was 26 (it takes a long time to get through optometry school!). I didn’t know anything about the stock market or planning for retirement. I only knew that my employer was offering a match up to 3%,  and I am not one to pass up free money. While I wish I had started saving a higher percentage of my salary from the beginning, hindsight is always 20/20, and I can only go forward. Now that I have been saving and slowly increasing my contributions, I always run into the dilemma of when to rebalance my IRA and what funds to invest in. Since I could never find the perfect answer, I have never really rebalanced. Knowing I should have done this a while ago,  I’m finally taking action, and October 2012 seems like the perfect time. While there are tons of ideas and formulas, it comes down to a few simple steps. As a disclaimer, please remember, I majored in science, not finance. What is your risk tolerance? If potential declines in ...

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