A resident of Radford, VA, George Abie Williams is a financial advisor with over four decades of experience. Since 2010, George Abie Williams has served as senior vice president investments at Stifel Nicolaus in Radford, VA. He advises his clients on wealth management strategies to help them reach their financial objectives.

A comprehensive budget that takes into account personal income and spending is essential if you want to reach your financial objectives. Traditional asset allocation is important as well and is based an individual’s risk tolerance and growth objectives. One of the most popular asset allocations is 60% equities and 40% bonds and cash.

A general rule of thumb recommends subtracting your age from 100 and that would be a reasonable guide to determine how much should be allocated to equities. For example, a person age 60 would subtract his age from 100, leaving 40. Forty % should be allocated to equities for growth and 60 % to fixed income like bonds and cash. Each individuals needs are different and may require the services of a professional to help.