Growing wealth for retirement can be a challenge. But once you reach retirement age and are ready to start tapping your savings, your goal may shift from growing wealth to preserving wealth while maintaining a steady income.
Social Security can help to some degree. But you may need additional income out of your portfolio to supplement those monthly checks. You may also want to limit your exposure to the stock market at that stage of life.
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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.
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