Retirement Advice: Why You Need To Keep Some Money Invested in the Stock Market

For some reason, people automatically assume they need to get more conservative in their portfolio when they retire. It’s probably because they read it in a financial magazine somewhere that says all retirees should do it. But, times have changed. People are living longer, healthier lives than their parents did and your money needs to last a lot longer.

Your retirement could last for 2-4 decades and most people severely underestimate their retirement income needs. At the very least, you should maintain at least 30-40% of your money in stocks. You should also ask your advisor if your investment strategy is designed to double your income over the next 20 years. Due to inflation, you’ll need it.