Recently, I read an article on retirement income planning that focused on the â€œbestâ€ combination of investments for a couple approaching retirement. The authors proposed that three hypothetical investors set out on their retirement journey with a healthy pot of money in the cookie jar and $24,000 of annual Social Security benefits as foundational income. The analysis then proceeded to look at three different ways to invest the nest egg to allow for the most flexibility in retirement.
I am quite sure that some investors are drawn to the mechanics of portfolio management and asset allocation while others are quite content to hire professionals to manage their accounts. But letâ€™s compare this approach to retirement income planning with three different families that are about to go on an extended vacation, car and trailer included. Read more.
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