It's still important to be across the asset classes. A bit of everything goes a long way.

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IRAs give you more control and they give you more investment options than a 401(k).

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Most are extreme optimists, who see opportunity all over, especially in their field. Often, their success prevents them from being conservative and protecting their downside.

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Don't automatically choose the annuity payout many of them offer if you're given a choice. Again, the IRA just gives you more flexibility.

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