Three Phases of Retirement Investing

The concept of retirement is really a recent phenomenon, but in the last century it’s become solidly entrenched in the American worker’s mind. No one wants to work during old age, and Social Security isn’t enough in most cases.   Preparing for the golden years takes a long time. There are three distinct phases of retirement investing. Understanding and implementing them will help you plan for retirement on your terms. Phase 1: Capital Accumulation The first phase of retirement investing is usually the longest. This is the period when you save and grow your savings as much as possible with the appropriate risk. The Capital Accumulation phase can last decades during your working years as you patiently build up an investment portfolio. This phase can be shortened if you save more,…