Retirement planning should not be placed on autopilot. It’s not one of those things you can set and forget. From the moment you invest your first dollar until you take your first withdrawal, every financial decision will shape your comfort and confidence to and through retirement.

Understanding investing and applying that knowledge to your personal accounts is one of the best strategies for working towards long-term financial success. Retirement investing does better when the pilot is fully engaged in the cockpit. 

How you divide your money among different investment categories – also called asset allocation – is one of the most important strategic decisions you will make. In fact, it may have a greater impact on your long-term returns and your ability to reach your goals than just about anything else. It’s important to regularly rebalance your account to keep your asset allocation aligned with your goals and risk tolerance.  

The following section provides strategies for making informed decisions when you’re managing your accounts. And don’t forget: If you’re ever unclear on anything or just looking for guidance to review and compare all your options, get in touch with one of our financial professionals to see if your savings rate is on track to reach your goal and that your assets are properly allocated. We’re here to help you every step of the way. 

This material is provided for general and educational purposes only; it is not intended to provide legal, tax or investment advice.  All investments are subject to risk.  We recommend that you consult an independent legal advisor or financial professional for specific advice about your individual situation.

The information herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor. 

Securities and investment advisory services offered through Voya Financial Advisors, Inc. member SIPC.

Neither Voya nor its affiliated companies provide tax or legal advice. Please consult with your tax and legal advisors regarding your individual situation.  

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