If you’re one of those people who thinks, “I have no idea how bonds work” or “What the heck is an ETF?” it’s time to educate yourself.
You don’t have to be Warren Buffett to gain a reasonable working knowledge of investments and retirement rules.
Just choose a couple of things you know you don’t understand and make it a goal to learn something about them. For instance, you might want to look up the difference between mutual funds and exchange-traded funds, because if you think 2017 will be a good year for the stock market, it may be the year for putting some ETFs in your portfolio.
Or, maybe it’s about time that you understood the relationship between bond prices and interest rates.