Retirees Face High Stock Prices and Low Bond Yields
Wade D. Pfau
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.
Arends, Brett, "Retirees Face High Stock Prices and Low Bond Yields" (2013). In the News. 494.