Individual Retirement Accounts (IRAs), along with many 401(k)s and 403(b)s, are offered in two main varieties: traditional and Roth. While you might already know the basics, deciding which option fits your personal situation is less straightforward. This question is especially relevant for creative professionals, who often have variable incomes and less predictable career paths but want to plan thoughtfully for their retirement.
Keeping your investment portfolio balanced is one of the smartest habits you can develop for long-term retirement growth. Portfolio rebalancing helps you manage risk by realigning your asset mix back to your target allocation, preventing any one investment from exposing you to unintended risk. Whether you’re managing a 401(k) or a personal portfolio, learning how and when to rebalance can improve returns, maintain discipline, and keep your financial goals on track.
As a creative professional—designer, writer, artist, or entrepreneur—you thrive on new perspectives, diverse influences, and fresh inspiration. The same outlook can help you build a smarter, more resilient investment portfolio: by embracing international diversification. At Stone Ridge Advisors, we are strong advocates for international diversification and experts at Morningstar, Dimensional Fund Advisors, Vanguard, and Charles Schwab all agree: diversifying internationally is a key step for long-term success.
