So the key question you have to answer is, Am I willing to and can I afford to accept greater risk of a significant decline in my investments in order to earn a higher yield? For most retirees who are drawing down rather than adding to their portfolios, the answer is likely to be no.
John Spoto is the founder of Sentry Financial Planning in Andover and Danvers. For more information, call 978-475-2533 or visit www.sentryfinancialplanning.com
This article is for general information purposes only and is not intended to provide specific advice on individual financial, tax, or legal matters. Please consult the appropriate professional concerning your specific situation before making any decisions.