When you retire, you'll need income to replace the money you used to earn. If you have a fantastic pension and/or great wealth, no worries. But most retirees need new sources of income.
Social Security benefits alone rarely suffice and may be less generous in the future. Mandated IRA or 401(k) withdrawals are also part of the equation, and retirees who've put significant portions of their savings in stocks have done very well since 2009. But with the market near all-time highs, equities look riskier now.
