Note: The following is part of Morningstar.com's Retirement Matters Week special report. A version of this article appeared on Sept. 23, 2016.
When Ginnie and Alan wrote me to request a portfolio makeover, they were feeling nervous about their portfolio's ability to last through what they hoped would be a long and fruitful retirement. But this couple wasn't thinking only about themselves. As parents of a daughter with special needs, they were seeking guidance on what to do to ensure that their child would be able to remain independent and have enough money to cover her needs. Their 20-something daughter was employed and living on her own nearby, but she relied on them for ongoing financial support.