How to create a balanced retirement portfolio
Many of us spend our working years diligently building our retirement account balances, with the goal of feeling confident that it will be enough to support us throughout our later years.
Despite that, even investors with a comfortable level of savings often struggle to feel secure about tapping their retirement accounts. Justin Bailey, a Utah-based regional vice president of planning solutions with Fidelity, says many affluent clients tell him they want a portfolio that can generate enough interest and dividend income to meet their spending needs without drawing down principal.
“None of us want to see the balances on our accounts go down,” Bailey acknowledges. “But the reality is that most of us will need to spend down some principal in retirement—and it’s okay to do that as long as we have a plan.”
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