When it comes to retirement planning, there are two broad schools of thought about how to cover your expenses. One method is to continue using a portfolio that looks much like the portfolio somebody would use during their accumulation stage (i.e., stocks, bonds, and mutual funds), albeit with a more conservative allocation. The other school of thought – the “safety first” method — relies on a different set of tools, such as bond ladders and annuities.
Elizabeth O’Brien of MarketWatch has more on the topic:
- Do You Need a ‘Safety-First’ Retirement Plan? from Elizabeth O’Brien
Other Money-Related Articles
- Risk, Not Volatility, Is the Real Enemy from Christine Benz
- Why the Risk-Reduction Benefits of Bond Ladders Have Been Overstated from Joe Tomlinson
- Safety with an Emergency Fund from Jim Blankenship
- Are You an Irrational Investor? from Allan Roth
- Making the Most of Open Enrollment from Katie Brewer
Thanks for reading!