Unfortunately, most retirees and pre-retirees take on entirely too much risk in their retirement portfolios.
This common problem results from various reasons. Some people want to hedge for future inflation. Others think they need higher growth potential to make it through retirement without running out of money. In most cases, your advisor simply “advised” you to put your money in “risky” stuff. When entering the retirement “red zone”, curbing your risk back is a pivotal step to developing financial security, and the 100 Age Rule can help you.