Reported about 1 month ago
At 69, a retiree with a $3.6 million portfolio primarily in equities has $6,000 monthly income from a pension and plans to rely on Social Security. Despite conventional advice to reduce equity exposure with age, this investor feels secure due to substantial federal backing and a diversified investment approach. Experts suggest maintaining an equity-heavy allocation may be acceptable if income and expenses are managed wisely, provided diversification within the equity portion is considered.
Source: YAHOO