Retirement is Long Term

Feb 2017 //
Retirement

From time to time clients ask whether they should downshift from an equity-based retirement portfolio in their earning years to a predominantly fixed-income portfolio after retirement. Depending on the size of one’s nest egg at retirement, that may be possible. However, for most 67-year-olds with two decades or more of life expectancy likely, moving from stocks to bonds will typically reduce the amount of time their retirement savings will last.