How Should a Portfolio Be Structured at 62 When Retirement Is Near?

Core Insights - Retirement is a significant transition that requires careful financial management, including tax planning, budgeting, and inflation considerations [2][4] - Asset allocation and portfolio composition remain crucial during retirement, especially for individuals around the age of 62 who may expect to live another 20-25 years [3][4] Investment Strategy - Retirees should aim for a balance between growth and security in their investment portfolios, avoiding the pitfalls of low-interest savings accounts [5][8] - A suggested approach is to divide the portfolio into sections or "buckets" based on needs and growth capacity, ensuring that essential expenses are covered by secure assets while allowing for growth through equities [6][7] Portfolio Management - The core objective is to balance the need for security with the desire for growth, using secure assets for immediate expenses and more speculative investments for long-term wealth accumulation [8]