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I'm About to Retire. Is It Time to Sell My Stocks?

The article from MSN Money discusses the considerations one should take into account when deciding whether to sell stocks upon retirement. It highlights the common dilemma retirees face: the need for a steady income versus the desire to keep investments growing. The piece advises against a complete sell-off of stocks due to the potential for inflation outpacing fixed income returns, suggesting instead a balanced approach. It recommends shifting towards a more conservative investment strategy, which might include reducing stock holdings but not eliminating them entirely. This strategy involves reallocating assets to include more bonds, annuities, or dividend-paying stocks to provide income while still allowing for some growth. The article also emphasizes the importance of understanding one's risk tolerance, financial needs, and the length of retirement when making these decisions. It suggests consulting with a financial advisor to tailor an investment strategy that aligns with personal retirement goals, ensuring a mix of security and growth potential.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/i-m-about-to-retire-is-it-time-to-sell-my-stocks/ar-AA1v4a2s ]