I'm helping my grandmother look over her retirement account, she's moving soon and worried about her finances. She has a relatively large nest egg in her IRA but from the statement I was given it looks like her assets are roughly 60% stocks, 40% bonds. She is 75 years old, drawing a few grand per month from this account for her income on top of SS and an annuity. It seems like a lot of risk to be taking at her age to be more than half in the stock market. It is very well diversified, but still a much more volatile portfolio than I think she needs.
Should I recommend that she talk to her adviser about reducing the amount in stocks? She's VERY worried about capital preservation and income, growth isn't a priority, and I think a smaller equity allocation would ease her mind.
Submitted October 04, 2018 at 03:23PM by BreakYourBonds https://ift.tt/2BXAYfF
