FYI: Retirement experts generally advise those entering their golden years to invest conservatively—increasing bond holdings over time, while decreasing stocks. The logic is simple: No one wants to outlive their savings because of a stock market crash.
“The dollars retirees have got are the dollars they’ve got,” says financial advisor Michael Kitces. Yet Kitces, a partner with Pinnacle Advisory Group, in Columbia, Md., says the conventional wisdom about investing in retirement is wrong. Rather than decreasing the percentage of stocks in a portfolio during retirement, he argues, investors should do the opposite.
Regards,
Ted
https://www.barrons.com/articles/a-road-map-for-more-retirement-income-51559958785?mod=past_editions
