Should You Really Own Fewer Stocks in Retirement?- Episode 142
It would seem to make sense that if you’re retired, you can’t “afford” the volatility of the stock market – thus, as you age, common advice is that you should own fewer stocks in retirement.
But is that good advice? The answer may depend on your withdrawal strategy. Do you need to access the money in your portfolio to help fund your near-term liabilities? Or do you have enough income from other sources, giving those volatile assets the time they need to potentially grow?
It may actually turn out that it’s better to own more stocks in retirement, not fewer. Get the details from podcast host Johnny Dean and “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!
Important Information:
You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.
No client or prospective client should assume that this information, or any component thereof, serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.
Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.
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