Battling retirement fees
Q. How will inflation and taxes affect my cash needs during retirement?
When planning your investment strategy, it's important to structure your portfolio carefully. Investment returns that don't keep up with inflation will force you to lower your standard of living. "A well-structured investment portfolio that's consistently monitored over a long period of time is the only way to meet your retirement needs and provides the best odds that you'll beat inflation and taxes," Glassman says.Review your portfolio frequently and remember that rebalancing your accounts to meet your annual goals is imperative. The market is constantly changing and so must your investment objectives, says Glassman. If you don't think you can do this on your own, seek the advice of a financial advisor. His or her input may be the determining factor in the success of your retirement.