Just like a football team entering the red zone — the area of the field inside the opponent’s 20-yard line — should be extra cautious to avoid wasting a scoring chance, Americans who are nearing retirement should dial back aggressive investment strategies.
That’s the advice of Kevin Wade, a financial planner with Centennial Advisors LLC, in a column published Monday by personal finance website Kiplinger.
Wade writes that younger workers can place their money in riskier investment vehicles, such as equities, without worrying about large declines in the stock market. “That’s because they’ve got 40 years or so until details ⇒
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