Create an Income Stream
Taking initial withdrawals of 4% or considering annuities are often recommended to retirees.
If you are investing to build funds for a home, or something you will purchase in 10 years of less, the volatility of stocks demands that you invest more cautiously.
This means increasing the percentage in your portfolio of bond funds, money-market funds, and other lower risk investments.
Meeting with a financial adviser can help you figure out how to best address your specific needs.
*The information on this page is credited to IPT and Kiplinger. Their original materials are made available on the Kansas Securities Commissioner's website.
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