One Way to Avoid a Potential White-Knuckle Ride Through Retirement
January 21, 2020 by Anthony Pellegrino, Registered Investment Adviser, Founder, Goldstone Financial Group
You see plenty of older visitors enjoying the other attractions, but the cars on the big coasters are typically filled with riders 40 or younger.
I’ve never seen an age restriction for older riders, so it isn’t that they aren’t permitted to ride (unless they have a medical condition, of course). More likely, these folks simply choose to pass on the jolts, drops and motion sickness that could ruin an entire day.
When financial professionals talk to clients 60 or older about reducing their exposure to risk, it’s with that same thought in mind: It’s not that pre-retirees and retirees can’t hold investments that might fluctuate with a company’s profitability and earnings, or rise and fall with the overall economy. It’s that they might not want to — especially if they’ll depend on those investments for retirement income.
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