UPDATE: How to manage your 401(k)
Asset allocation, time horizons, and taxes can complicate withdrawal-rate planning.
Morningstar's Christine Benz walks investors through the basics of setting up and maintaining a 'bucket' retirement portfolio , including some of her favorite funds for retirees.
Panel discussion: Christine Benz, advisor Mark Balasa, and Morningstar columnist Mark Miller discuss how withdrawal rates, asset allocation, Social Security decisions, and long-term-care insurance factor into portfolio sustainability.
Comparing your portfolio with a good target-date fund or a customized benchmark can help you determine how you're doing.
For retirees tapping their assets, the rules on asset location are different than they are for accumulators.