Investing during retirement can be uncharted terrain for many people. An appointment with your financial advisor to reassess your portfolio can be crucial in helping you meet your changing needs. With uncertain variables such as longer life expectancies, the changing rate of inflation, and the possibility that you could outlive your retirement funds, you'll want to be sure your investments will keep up with you and outpace the cost of living.
An investment portfolio should be developed with retirement accounts, annuities, and trusts to meet your income and growth needs. To help determine what kind of investment vehicles may be appropriate for your particular circumstances (as well as how much of your portfolio should be allocated to each asset class), consider your risk tolerance and your needs for income vs. growth. You also want to consider tax consequences of each option. Your financial advisor can help you find a balance that is appropriate for you. Once you've established a suitable portfolio, you might consider using your fixed-income and money market investments and any retirement plan and trust distributions for your annual expense money.
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