Expert: Retirees Should Balance Equity Risk With Fixed Income

When you retire, you might think about putting all your money in stocks, but an expert says that's risky.

He suggests keeping some money in less risky things like bonds, known as fixed income.

This helps because stock prices go up and down.

If you have fixed income, you won't have to sell stocks at a loss during market drops and can buy stocks when they are cheap.

He recommends keeping around 20-30% in fixed income if you need regular income.

It helps you to balance risks to ensure your money lasts throughout retirement.