Investing in Retirement
Investing in retirement is a hard one. Investing in retirement is different, because everyone's life situation and financial situation is different. One size definitely does not fit all. The focus in retirement is on turning your investments into an useable income stream, to live on, travel, or to supplement your work pension, CPP , and OAS. At the same time, you want to make those investments last long enough so that you never completely run out of money. You may also want to have enough left over to leave a legacy to your children, or perhaps your favorite charities. Investing in retirement requires taking a step back, and perhaps making some portfolio adjustments in order to reduce or mitigate risk. If you have additional, reliable sources of income coming in (for example, a nice defined benefits work pension), your investment strategy in retirement could look totally different than someone who's relying primarily on their savings and investments. What products should I ...