Investment & portfolio design
Build a portfolio around the life it must support.
See why the timing of market losses matters, how other retirement income changes the picture, and why diversification is risk management—not needless complexity.
Income and stabilizing investmentsMoney needed soonerLong-term growthMarket losses
Start with your life
What must your investments pay for?
Social Security, pensions, rental income and other retirement income may cover part of your annual expenses. Your 401(k), IRA and brokerage accounts must fund the amount that remains.
Income received during retirement
Social Security and pensionMore predictable income
Rental income, part-time work, etc.Other income that may change over time
$45,000 retirement income
$75,000 from investments
Annual retirement expenses
$90,000 required expensesHousing, food and healthcare
$30,000 flexible expensesTravel, upgrades and gifts
Annual retirement expenses$120,000
−Retirement income$45,000
=Withdrawn from investments$75,000
Portfolio design begins with this gap—not an age-based stock percentage.
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