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Should You Really Own Fewer Stocks in Retirement?
Manage episode 367193083 series 3428540
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It would seem to make sense that if you're retired, you can't "afford" the volatility of the stock market - thus, as you age, common advice is that you should own fewer stocks in retirement.
But is that good advice? The answer may depend on your withdrawal strategy. Do you need to access the money in your portfolio to help fund your near-term liabilities? Or do you have enough income from other sources, giving those volatile assets the time they need to potentially grow?
It may actually turn out that it's better to own more stocks in retirement, not fewer. Get the details from podcast host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
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