What is dollar-cost averaging and why does it make for a bad retirement strategy?

In retirement a lot of people believe they have to invest only for income so they shift to all high income stocks and high yielding bonds, a major mistake in a rising rates environment. Today I explain why dollar-cost averaging is not a good strategy to come out of a portfolio in retirement. Other topics include:

• Should Sheila (self employed) open a Vanguard 401k to reduce taxes or commit to a defined benefit plan?
• What bonds to buy?
• Bay Area’s real estate mass exodus
• Social Security underpaying widows and widowers
• File and suspend strategy

 

 

Please join Rob Black, Michelle Lerman and I for our Retirement Income Strategies and Estate Planning Seminar. This event will be held at the Crown Plaza Hotel in Foster City next Thursday, March 8th, at 6:30 p.m. Registration is $25. Click HERE to sign up!

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 on Tuesday's and Wednesday's from 6:00-7:00 a.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.