How should I invest if I am close to retirement age?

How should I invest if I am close to retirement age?

If you're close to retirement age, let's make the assumption you have most of your investments in place and you're just adding still a little bit more to your investment pool. I think the biggest mistake that I see investors make is that they say 'I'm going to retire in five years, so I have a five year investment time horizon'. Well that's really incorrect. What you have is you have a time horizon until you die, if you're sixty, your time horizon's forty years you're looking for. So really, if you're approaching retirement that is not your time of how long you're going to invest to, that's just to the point that maybe you're going to change the dynamics of your portfolio. However you should still have a long term investment strategy as you're approaching retirement.