Many retirees, however, may be unable to withstand a downturn in equities, so advisors should ensure that they maintain diversified portfolios for their clients.
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Dividend-paying stocks and mutual funds were the most common sources for generating retirement income last year by advisors as low interest rates made fixed-income investments and annuities less attractive. So reports WealthManagement.com.
Many retirees, however, may be unable to withstand a downturn in equities, so advisors should ensure that they maintain diversified portfolios for their clients.