In this Mailbag, Jean talks to Cecilia, a 58-year-old listener, about asset allocation and portfolio management as she approaches retirement. She has a defined benefit pension and government benefits, but also wants to draw down on her portfolio for the first few years of retirement. 

They explore the need to adjust asset allocation, the role of fixed income in your portfolio, and the importance of building a cash cushion for the initial years of retirement. 

Have a question for us or want to jump on a call with Jean? Write in at [email protected].

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Takeaways:

Chapters:

0:00 Introduction

2:11 Asset Allocation and Retirement Planning

5:13 Cash Cushion for the Initial Years of Retirement

8:02 Consulting with a Financial Advisor

11:00 Mortgage Payoff Strategies in Retirement

12:57 Individual Bonds vs. Bond Funds

15:00 Conclusion

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