Investing Specialists

An Investing Road Map for Retirees

Christine Benz

Even retirees who are seasoned investors will tell you that transitioning from accumulating to spending from their portfolios is a challenge. The "right" withdrawal rate and strategy seems to be a moving target.

Devising an asset allocation plan that balances safety and liquidity with long-term growth is no mean feat, either, especially given today's high(ish) equity valuations and painfully low yields on bonds and cash. There are also psychological hurdles to jump over: After years of saving, transitioning into drawdown mode can feel a little bit scary.