Could use some perspective please.
My wife and I are in our early sixties and have recently met with a financial planner. We have an IRA with $250k. We also have some other smaller pensions and an inheritance of maybe $300k in the next few years. Given we are approaching retirement age he has suggested the generally accepted rule of lowering our risk. In doing so has recommended a managed portfolio of a balanced dividend focused approach. Rationalization is that in addition to the growth the dividends will be reinvested and upon retirement they will create income stream.
My question is: does this general approach make sense (does to me but I'm not a financial guy!) for a glide path to and in retirement? Are there advantages/disadvantages? Is this too simplistic strategy?
Edit: if this post is to personally specific please let me know and I will delete it and post in "advice" thread.
Submitted April 22, 2018 at 10:34AM by bingo_pine https://ift.tt/2vyO55f
