Note: This article originally posted on Sept. 6, 2012, but we are re-featuring it as part of Morningstar.com's Retirement Readiness Week.
Last week's column featuring a sample portfolio for retirees using the "bucket system"elicited many terrific comments. Some readers characterized the bucket approach as old wine in a new bottle, and I'd agree that there's an element of truth to that assertion. After all, most bucketed portfolios will include cash, bond, and stock components--not a radical departure from the types of portfolios many retirees have maintained all along.
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Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.