Investment Goals Change in Retirement
Radio Transcript, 60 seconds, for use during week
of March 3.
This is an Invest Wisely minute brought to you by Iowa State University Extension.
As your retirement nears, your investment strategy should change. The
usual advice is to be less aggressive than when retirement was
several years away. Then you could ride out the down swings
in the market. But don’t go overboard in reducing
your exposure to risk.
Being too conservative can put you in danger of not keeping
up with inflation. It’s wise to invest at least some
of your portfolio with growth in mind – even in retirement.
One way to guarantee that you won’t outlive your money
is to have a lifetime annuity. Just make sure it is indexed
for inflation, otherwise it will buy less as time goes on.
Invest Wisely comes from Iowa State University Extension through
a grant from the Investor Protection Trust providing investor
education on the web at investorprotection.org.