Inflation may be higher for older Americans because of the escalating costs of items such as pharmaceuticals
The key is to create a portfolio that gives a dependable source of cash flow, whatever happens to the economyBy gradually lifting short-term interest rates, the Federal Reserve has made it easier for retirees to get steady investment income while taking less market risk.
But only up to a point. Because rates remain low by historic standards, it still isn’t possible for retirees to base their investment strategies entirely on cash or other relatively safe sources, investment professionals say. Instead, they need to own some combination of bonds or bond funds, dividend-paying stocks and other noncash assets to get both cash flow and...
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