As retirement nears, it's important to reassess your investment strategy and make sure you're setting yourself up with enough income to cover your needs and meet your personal goals. And if you largely built your retirement savings by investing in the S&P 500 index, you may be inclined to stick to that strategy in retirement.
It's a strategy investing giant Warren Buffett is a fan of. In a 2013 Berkshire Hathaway shareholder letter, Buffett said that in his will, his advice to the trustee could not be simpler: "Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund."
