As you near retirement, you should

Question

Quizplus · Accepted Answer

As you near retirement, it's generally advisable to reduce the risk in your investment portfolio. This often involves shifting funds from riskier investments, such as stocks, to more stable, income-generating investments like bonds or annuities. This strategy helps protect the portfolio's value from significant market fluctuations and provides a more predictable income stream in retirement. Options B, C, and D suggest moving all funds into specific types of investments, which could expose the retiree to unnecessary risk or not align with their income needs and risk tolerance.

As You near Retirement, You Should