On retirement day, how do your investment needs change?

Mortality risk gives way to longevity risk, and your portfolio should reflect that.

Michael Keaveney 24 September, 2015 | 5:00PM

Note: This article is part of Morningstar's September 2015 The road to retirement special report.

Your retirement is a time of transition, when many aspects of your life will change. But is there anything special about this time as it applies to what type of investments you hold from that point onwards?

Most investment portfolio recommendations for individuals follow a declining "glide path" of stock market exposure as they age. Younger people receive advice to hold more stocks; older people are counseled to hold fewer. The shape of that glide path differs depending on what risks are being emphasized.

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About Author

Michael Keaveney

Michael Keaveney  Michael Keaveney, CFA, is Director, Investment Management at Morningstar Associates, Inc.

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