Many retirees tell me the same thing: "Joe, I don't want to check the market every day, and I don't want to make a stupid mistake."
Our clients — hardworking, frugal, diligent savers — do not want to jeopardize their past 30 to 40 years of hard work and sacrifice. Yet, many retirees I talk with are unknowingly taking more risk than they ever intended, which is why the old-school, cookie-cutter 60/40 portfolio is encouraged to maintain a balance between protection and growth.
