By John P. Napolitano
Posted Apr 04, 2012 @ 04:51 PM
Personal finance is more than a numbers game. Your goals, objectives and life dreams are really what should drive your financial decisions and habits. But there is no escaping the numbers.
The first number that I’d like to address is the time horizon. When investors think about how long their money should last I frequently see disconnects. Too many people measure their time horizon as if a retirement date is the end destination. Many seem to treat that retirement date as if everything stops, and that retirement is the time to take all risk off the table. I think that the time horizon for choosing investment allocation should be measured in terms of how long you’d like your money to last.