In midcareer, people need to get along at work, and in retirement people must get along with their investments. At work in middle life, and with investments in retirement, getting along includes people, but it also involves the circumstances, tasks, and procedures in each setting.
Retirees can manage their own investments as they managed their work, but to do so, they should grow familiar with their assets, understand asset allocation and rebalancing, and keep a steady discipline concerning withdrawals.
One good way to gain confidence with managing a retirement portfolio is to work through a model program year-by-year. Continue reading