Long-term government bonds, emerging-markets debt, and preferred stocks may take more prominence for retirees who wish to live solely off a portfolio's income stream, says Morningstar Investment Management's David Blanchett.
Improving Your Finances
Withdrawal-sequencing guidelines can help determine which buckets go where, but flexibility, simplicity are essential.
Morningstar Individual Investor Conference
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.