Comments on: 4 Quick Mid-Year Financial Checkups

By: Carnival of Financial Planning – Edition #150

Carnival of Financial Planning – Edition #150 — Sat, 17 Jul 2010 10:05:48 +0000

[...] DuPaix presents 4 Quick Mid-Year Financial Checkups posted at My Dollar Plan, saying, “Now that the year is half over, make sure you’re on [...]

By: Jill

Jill — Mon, 12 Jul 2010 00:56:35 +0000

Hi Ian,
Good question and perhaps something we will explore in a future post! Most guidance recommends rebalancing on a fixed schedule (e.g., every 12 or 18 months) rather than in response to your current holdings. Just make sure you are paying attention to tax consequences and give market abnormalities a chance to smooth themselves out!

By: Jill

Jill — Mon, 12 Jul 2010 00:52:47 +0000

Excellent suggestion! I know I am a bit behind on some of my goals

By: Jill

Jill — Mon, 12 Jul 2010 00:52:20 +0000

Thanks Evan. I think we’re advocating more of an annual thing – just suggesting that you could do it in the middle of each year.

By: Jill

Jill — Mon, 12 Jul 2010 00:51:38 +0000

Thanks for catching that! I will try to get the post updated.

By: dereku

dereku — Sun, 11 Jul 2010 22:13:57 +0000

Catch-up contributions begin at age 50, not 55.

By: Evan

Evan — Sun, 11 Jul 2010 16:02:51 +0000

Re balancing is key but it does not have to be done every 6 months IMO.
The difference between 60% stocks/ 40% bonds and 65/35 or 55/45 is negligible over a 6-12 month period

By: Len Penzo

Len Penzo — Sat, 10 Jul 2010 16:04:17 +0000

Good list, Jill!

The only thing I would add is to review how you are doing regarding any goals you might have set at the beginning of the year – and re-plan your action strategy if necessary!

Best,

Len
Len Penzo dot Com

By: Weekly Roundup – Smarty Pig Edition

Weekly Roundup – Smarty Pig Edition — Thu, 08 Jul 2010 09:01:42 +0000

[...] 4 Quick Mid-Year Financial Checkups [...]

By: Ian G

Ian G — Tue, 06 Jul 2010 18:53:35 +0000

I think that rebalancing my retirement portfolio is key. However, at what percentage should a rebalancing occur? If my directives are within 1% of my current portfolio is it worth rebalancing? Any ‘guidelines’ or rules of thumb?