Reported 1 day ago
This article discusses the appropriate level of stock market investment for retirees, emphasizing the need for careful asset allocation as they age. Traditionally, a guideline of '100 minus your age' has been used to determine stock allocations, but experts suggest that many retirees may need a higher percentage invested in stocks to ensure long-term financial security, especially in light of low interest rates and the current market conditions. The article advocates for a balanced approach, taking into account individual circumstances and the risks associated with high stock allocations. It also highlights the opportunity for retirees to benefit from rising interest rates by increasing fixed-income investments.
Source: YAHOO