Investing in Your Home vs. Your Retirement Account

Finding a balance between the two will make your golden years comfortable

baby boomers, to diversify their investment portfolios to include all asset classes—stocks, bonds, cash, and real estate. Remember, says Foster, “real estate, just like any other investment, has good years and bad years. It moves up and down with market cycles. So you want to make sure that your overall investment portfolio is balanced.”

Bolton says financial literacy is the key to future generations of African Americans retiring comfortably without having to work longer. “We need to hire experts to help us build our wealth,” he says. “We need to create a mastermind or network around us to advise us on the most appropriate actions to take.”

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