Note: This article is part of Morningstar's January 2016 5-Step Retirement Portfolio Assessment special report. A version of this article appeared on Dec. 12, 2014.
To see if your retirement plan is on track, an assessment of your savings/spending rates comes first. The next step is to gauge the reasonableness of your portfolio's stock/bond mix, taking into account your life stage as well as your personal financial circumstances, comes next. Making judgments on both aspects of retirement preparedness was the focus of days one and two, respectively, of our special report.
Christine Benz has a position in the following securities mentioned above: OAKLX. Find out about Morningstar's editorial policies.