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Investing Specialists

Does Your Portfolio Need a 'Succession Plan'?

Even dedicated do-it-yourselfers should follow these key steps.


Note: This article is part of Morningstar's October 2014 5 Keys to Retirement Investing special report. This article originally appeared April 17, 2014.

In a presentation I often give to retired investors, I discuss the key ingredients for successful retirement portfolios. As I talk, I can see attendees mentally sizing up whether their own portfolio plans contain the components that I'm discussing. Stocks for longevity potential? Yes. Inflation protection to help preserve the portfolio's purchasing power? Check. A cash component for near-term living expenses? Got it.

Christine Benz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.