There’s a really intriguing phenomenon happening right now; Baby Boomers have amassed great wealth, but the males are now dying off and older widowed women are set to come into over $40 trillion dollars over the next two decades. This may be you, this may be your mother, or even your grandmother. It’s amazing progress and power, and we need to make sure these women feel supported and empowered, even if this is unfamiliar territory.

I was out with a family friend recently when he casually mentioned that “one of my coworkers just died at his desk at age 84 – that’s my retirement plan too.” This friend is in his late 30s and has been working at his current job for 15 years. If he had started investing just $500/month in his 401k when he started working (with another $500/month that would have been matched by his employer) and invested it in the S&P 500, his 401k would now be worth $550,000!

Since the markets have been so turbulent lately, I thought it would be a good idea to revisit a three common portfolio set-ups.