Manage your investments

As your life changes, you need to manage and adjust your investments so they remain in line with your goals. That means doing the basics, like evaluating your asset allocation regularly and reviewing your beneficiaries in addition to more advanced strategies such as managing company stock and converting from traditional to Roth IRAs.

Your comfort with the ups and downs of the market or risk tolerance may be very different than it was during your saving years. Changes in your tolerance for risk, as well as the need to generate income from your savings, should trigger changes to your mix of investments.

To make sure your assets are distributed according to your wishes, its important to review your beneficiaries.

Youll need to review and revise your financial plan regularly as you draw on your savings, continue investing and determine goals for your estate.

1 Beneficiaries who inherit Roth IRAs are subject to RMD rules.

Investment products, including shares of mutual funds, are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Neither diversification nor asset allocation assure a profit or protect against loss in declining markets.

Investment advisory products and services are made available through Ameriprise Financial Services, Inc. a registered investment adviser.

Ameriprise Financial Services, Inc. Member FINRA and SIPC.

As you get closer to retirement, its important to re-evaluate your asset allocation and monitor your accounts annually.

If you have one or more traditional IRAs, now may be a good time to consider converting them to Roth IRAs. Any potential growth in a Roth IRA, and qualified withdrawals are tax-free as long as certain conditions are met, and there are no required minimum distributions during the owners lifetime.

To make sure your assets are distributed according to your wishes, its important to review your beneficiaries.

Investment products, including shares of mutual funds, are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Neither diversification nor asset allocation ensure a profit or protect against loss in declining markets. Past performance does not guarantee future results.

Ameriprise Financial and its representatives do not provide tax or legal advice. Consult your tax advisor or attorney regarding specific tax issues.

Ameriprise Financial Services, Inc. Member FINRA and SIPC.

Risk tolerance is a measure of your comfort with the ups and downs of the market. Once you understand your own risk tolerance, you can create your asset allocation, and then diversify your investments within each asset class.

If your employer-sponsored retirement plan includes company stock, youll need to pay extra attention to diversification and understand how youll need to handle that money during retirement.

If you have one or more traditional IRAs, now may be a good time to consider converting them to Roth IRAs. Any potential growth in a Roth IRA and qualified withdrawals are tax-free as long as certain conditions are met, and there are no required minimum distributions during the owners lifetime.

Investment products, including shares of mutual funds, are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Neither diversification nor asset allocation ensure a profit or protect against loss in declining markets. Past performance does not guarantee future results.

Ameriprise Financial and its representatives do not provide tax or legal advice. Consult your tax advisor or attorney regarding specific tax issues.

Ameriprise Financial Services, Inc. Member FINRA and SIPC.