5 Ways Retirees Can Supplement Income Outside of Their 401(k)

A diversified stock portfolio is essential to financial stability in retirement, but so are cash reserves. Coley wants you to ensure that you keep a portion of your portfolio liquid — whether it’s in a high-yield savings account , money market fund, or short-term CDs or Treasuries.Each of these asset types comes with its own strengths and disadvantages, so you’ll need to determine your level of risk tolerance and liquidity needs to decide what will work best for you.Working with a financial advisor, you sho ...