As
retirement approaches, you may want to consider shifting
some of your portfolio out of more volatilesecurities,
such as stocks, and into more stable income-producing
investments. That’s because, at this stage in the
game, your portfolio may
not have time to fully recover from a market downturn.
Of course, you’ll want to continue to build your assets so
they'll last through a long and comfortable retirement. But you may also want
to begin thinking about how to manage those assets once you are ready to retire.
The choices you make in the days ahead can affect your income and quality of
life during retirement, and your beneficiaries’ financial
security.
These tax-deferred retirement
savings plans can be converted to a stream of retirement
income.
IN THE NEWS
401(k) automatic enrollment Automatic enrollment in 401(k) and other employer-sponsored plans is designed to encourage more workers to save for retirement.
New
401(k) inheritance rulesThe
Pension Protection Act may make it easier to leave
your 401(k) assets to a nonspouse beneficiary without
triggering a big tax bill.
401(k) investment advice Now, new laws provide protections to employers who arrange to offer certain kinds of 401(k) investment advice to their employees.
Using health savings accountsThe tax benefits of a high-deductible health plan combined with a health savings account may be attractive — if you can count on low healthcare expenses.
As
retirement approaches, you may want to consider shifting
some of your portfolio out of more 
