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 ...

This monthly dividend stock is an ideal source of retirement income. Many retirees face a shortfall between their Social Security benefits, savings, and actual income needs. One study found this gap to be as high as 33% for the average U.S. household. As a result, current and future retirees must find additional income sources to live comfortably. Realty Income (O -1.00%) is an excellent choice for those seeking additional income. The real estate investment trust (REIT) owns a reliable and high-quality real ...