In the News

Title

Retirees Face High Stock Prices and Low Bond Yields

Document Type

Article

Publication Date

7-27-2013

Abstract

Conventional wisdom usually advises older investors and retirees to balance a portfolio of bonds, stocks and annuities to squeeze the most from their savings during the third stage of life.

But recent events on Wall Street and in Washington, including a booming stock market and Federal Reserve warnings about "tapering" its easy-money policy, suggest those investors may need to junk conventional wisdom and think again.