How Do You Approach Financial Planning? | Smart Change: Personal Finance | – Arizona Daily Star

But I still try to keep the same amount of money going into my retirement account because when I retire I don’t want to eat cat food. [laughs] I would say that’s a really personal situation and I don’t think you’re going to find any set percentages that is a one-size-fits-all for all investors.

Warren: Great. What about you Deidre, do you have any thoughts you want to add?

Deidre Woollard: I also don’t want to eat cat food.

Warren: [laughs] I think we can all agree on that one, right?

Woollard: Yes. I’d like to keep a fair amount in my retirement accounts. I also like to keep things like REITs in, they go so nicely in IRAs because all the dividends just sitting in there and growing and that’s a really nice thing.

I think it’s absolutely a personal thing for every investor. I think you’ve got to have your emergency funds and everything like that set up before you start contributing heavily to your retirement funds.

Warren: Yeah. And I can say for me personally, I do not currently have a traditional retirement fund in place. I’ve been focusing on building my stock portfolio and I also regularly add to my emergency fund, as well as just my investing capital that I can use to continue to boost and grow my portfolio.


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