But I'm not going to do that. I'm not going to use a lot of this money until I'm 70. I'll just ride it out. That's when he began to switch part of his investments into bonds, according to the plan he devised with financial planner Neal Slafsky of Fort Lauderdale. But not too big a chunk.
Experts agree wholeheartedly.
Today, for many retirees, especially younger ones, following either dictum could lead to financial calamity. The new reality is that retirement is getting longer, perhaps 30 or 40 years or more, as more people retire earlier and lifespans steadily increase. The Kiplinger Washington Editors, Inc.