Why advisors encourage these older investors to buy more stocks

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Just because you're approaching retirement doesn't mean you have to shy away from stocks. Financial advisors discuss why it may make sense for investors to step up their equity allocation — particularly if they can count on pension income.

There are a number of reasons why it might make sense for a retiree to ramp up equity risk.

"The outlook we have today is reasonably good, but forward-looking becomes more concerning for returns and risk," said Matthew A. Young, president and CEO ofWhat are you spending on? When are you planning on retiring? These are all moving pieces that can be altered."This is more fine-tuning versus going from 25% stocks to 65%," Young said.

"The investor might understand greater returns, but they might not like the volatility," said Aram Schotts, a certified financial planner at"Other investors might have the willingness, but they can't afford a 20% decline or worse," he said."Blend Images - Hill Street Studios | Brand X Pictures | Getty Images

Earlier this year, he released research that showed how a source of guaranteed income can take the pressure off an investor's portfolio.Client A has only her $1 million portfolio. Meanwhile, Client B has the $1 million portfolio, plus a $20,000 income stream from her Social Security benefits.

 

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For the pump, of course.

Hurry up and buy.

probably because they have self interest on that and are irresponsible.

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