4 Common Portfolio Mistakes Railroaders Make for Railroad Retirement

Are you managing your investments effectively for your railroad retirement? Welcome to another episode of the Highball Advisors Railroad Retirement Whiteboard. I'm John McNamara from Highball Advisors, and today we're diving into investment strategies.

When planning for your railroad retirement, it's not just about saving money and hoping for the best. Let's highlight four common mistakes people make when building their retirement portfolios:

Portfolio Sprawl: This occurs when you have numerous accounts from different jobs or your spouse, leading to a scattered portfolio with too many holdings that may overlap unnecessarily.
Redundant Individual Stock Holdings: Owning individual stocks alongside mutual funds or ETFs that already cover similar sectors can lead to over-concentration and unnecessary risk.
Outdated Mutual Funds: Many people hold onto old mutual funds without reviewing them regularly. These funds may have high fees and frequent manager changes, potentially deviating from their original investment strategy.
Allocation Misalignment with Financial Goals: It's crucial to align your investment strategy with your financial plan. Consider your risk tolerance, retirement timeline, and contingency plans for market fluctuations, ensuring your railroad retirement benefits are integrated into your overall investment approach.

For personalized guidance on navigating these investment pitfalls, consider signing up for my railroad retirement process, tailored especially for those nearing retirement. Click the notification bell for updates and subscribe to our channel for more insights. Until next time, stay safe, stay focused on your goals, and take care. Goodbye for now!

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Disclaimer: This article is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Highball Advisors, and all rights are reserved from Highball Advisors, and all rights are reserved.