Time to Diversify for Healthy Boomers with $4.2M Net Worth

Reported 9 months ago

The article discusses the financial situation of a healthy retired couple in their 60s with a net worth of $4.2 million, considering their asset allocation, retirement accounts, and fears of a stock-market bust. With $1.8 million in stock funds, $1.1 million in CDs, $1 million home, and no debt, they receive advice on diversification, long-term financial planning, and potential market outcomes. Suggestions include considering bond investments, distribution strategies, and maintaining a balanced portfolio for a smoother ride through retirement.

Source: YAHOO

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