Today's retirees have their work cut out for them. Interest rates remain low, which makes generating income in retirement more challenging. Many retirees won't get much of a cost-of-living increase from Social Security next year. For many, pensions aren't a part of the picture. On top of that, retirees need their portfolios to last two decades or longer.
Morningstar's Retirement Matters Week is designed to help those who are nearing or who are in retirement manage some of those challenges. Each day this week, we'll take a deep dive into one critical portfolio-planning issue that retirees face. Topics will include asset allocation, choosing investments, managing a sustainable withdrawal rate, assessing the role of Social Security in portfolio planning, and creating a long-term care and estate plan.
How to Fund a Long Retirement (video)