Best In Wealth - Best Practices For Real People, Investments, Retirement Planning, Money Management, Wealth Building, Financi

How will you get income once you are in retirement?  Do you have a plan?  Tune in and find out the best way to accomplish the goal.  Special thanks to Sergey Sanco for his article related to this episode. When it comes to tapping savings in retirement, many retirees fall into what I call the Income Investing Trap. They tilt their portfolios almost exclusively toward “income” investments—dividend stocks, high-yield bonds, annuities, etc.—figuring this is the best way to assure a safe supply of spending cash throughout retirement. Big mistake. Not only can that approach can leave you with a lopsided portfolio—which is never a good idea—but many investments pitched to retirees as secure sources of income may not be as rock-solid as they seem. For example, investors who bought high-yield and emerging market bond funds in search of higher payouts suffered losses of 3% to 4% between mid-November and mid-December, as falling oil prices and currency jitters disrupted bond markets. A more effective strategy: Invest yo