{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Are You Making These 5 Common Retirement Mistakes?","description":"Investors often underestimate the risk in their portfolio.&amp;nbsp; Today, Laura Stover and Michael Wallin break down 5 common portfolio mistakes, as outlined by Christine Benz in Morningstar.&amp;nbsp; They are portfolio sprawl, when your assets often overlap and have too high a correlation A redundant individual stock portfolio can be risky as well. For example, if you are overly weighted in tech stocks, what happens if there is a chip shortage? Other risks include also-ran mutual funds, asset allocation not formed by the plan, and suboptimal asset allocation. It is crucially important to develop a plan that works for your individual situation, and stick to it.&amp;nbsp; This includes modifying your portfolio when necessary. Rate, Review and Subscribe to the Podcast:  https:\/\/podcasts.apple.com\/us\/podcast\/retirement-talk-podcast-with-laura-stover\/id571347188 How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https:\/\/redefiningwealth.info\/schedule\/ Redefining Wealth\u00ae Custom Blueprint Income Plan: https:\/\/redefiningwealth.info\/schedule\/ Rate, Review and Subscribe to the Podcast:  https:\/\/podcasts.apple.com\/us\/podcast\/retirement-talk-podcast-with-laura-stover\/id571347188 How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https:\/\/redefiningwealth.info\/schedule\/ &amp;nbsp; Timestamps (show notes): 0:00:49 Discussion on common portfolio mistakes 0:02:05 Portfolio sprawl and the importance of diversification 0:03:41 Redundant individual stock portfolios and the risks involved 0:05:59 The drawbacks of relying too heavily on mutual funds 0:07:51 The benefits of diversification and asset allocation 0:12:31 The impact of suboptimal asset location on taxes 0:18:39 The importance of dividing assets into income and growth 0:19:16 The need for a comprehensive retirement plan 0:26:45 The importance of tax alpha in retirement portfolios &amp;nbsp; ","author_name":"Retirement Talk Podcast with Laura Stover","author_url":"https:\/\/redefiningwealth.info","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/27796398\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/159313437"}