In the News

Title

Unconventional Investing Advice From a Retirement Expert

Authors

Time.com Money

Document Type

Article

Publication Date

11-3-2016

Abstract

Wade Pfau, professor of Retirement Income at American College and founder of retirementresearcher.com, argues that the usual advice about investing in retirement — hold fewer stocks and stock mutual funds in retirement, and keep your stock holdings low — isn’t the best approach. Pfau agrees with one aspect of the standard advice: As you approach retirement, and at the moment you retire, you should be reducing risk, which translates into less of your portfolio invested in stocks and more invested in bonds.