Think Stocks Are Too Risky for Your Retirement Savings? Why Dumping Them Completely Is a Huge Mistake
The "safe" choice for your portfolio may be anything but.
Overview
If you're approaching retirement, it's natural to become more concerned about protecting your nest egg. After all, you probably spent decades funding your IRA or 401(k). And the last thing you want is to see your portfolio lose value during a market crash when you actually need the money to cover living expenses.
You may be inclined to sell all of your stocks and limit your retirement investments to conservative options like bonds, cash, and CDs. But while that approach may help you avoid stock market volatility, it exposes you to some very big risks.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.