Does this sound overly complicated?
“If you think this might be a challenging task, you can always hire a fee-only financial adviser to put together an investment plan for you or use a target date mutual fund that automatically reduces the portfolio’s risk as you approach retirement,” said Schulte.
And, if you haven’t done so already, meeting with a financial planner is probably the smartest move you can make anyway. After all, there is no one-size-fits-all retirement income portfolio or investment approach retirees should take.
A financial planner can find the right mix for your financial goals, however.
“The right mix of stocks, bonds, and other asset classes should be chosen based on the cash flow you need to support the life you want,” said financial planner Eric C. Jansen of AspenCross Wealth Management. “One sure way to ruin your retirement is to let your retirement portfolio dictate the lifestyle you have, rather than being properly designed to support the lifestyle you desire.”
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