Question: We just retired at 67 with $4.1 million. My husband insists on keeping half our portfolio in stocks. I say it's not worth the risk. Who's right?
Answer: As of 2022, Americans aged 65 to 74 had an average of $537,560 in retirement savings, according to the Federal Reserve. If you're a 67-year-old couple with a $4.1 million nest egg, you're probably in a much stronger financial position than many of your peers.
