When it comes to the various financial needs that people approaching retirement seek to address, the author of today’s article places them in four groups: “liquidity for emergencies, income to last a lifetime, growth for inflation protection and estate planning for our legacies.” The problem with how most people go about addressing these needs, according to the author? They jump from one investment vehicle to the next in search of a silver bullet solution to their assorted retirement woes when no such one-stop solution exists. The author advocates instead for a “purpose-based” approach to retirement portfolios. To find out what this approach entails, CLICK HERE.
