A typical maxim of retirement portfolio management has many investors allocating a percentage of fixed-income assets equal to their age. However, with interest rates hovering near record lows and the senescent population living longer, retirees may have to turn to equities and stock exchange traded funds to meet their needs.
While there is no consensus on how much investors should hold between stocks and bonds upon retirement now, retirees may be better off with a greater tilt toward equities.
Schwab US Dividend Equity ETF
Tom Lydon’s clients own shares of SCHD.