By Sandra Block
From Kiplinger’s Personal Finance
As you approach retirement, you may be tempted to shift most of your savings to more-conservative assets. That temptation may be particularly strong in today’s volatile market.
But this strategy could increase the risk that you’ll outlive your money. If you retire in your early sixties, you may need your savings to last more than 30 years. While interest rates on bank savings accounts and money market funds have moved higher in recent months, their yields still lag the rate of inflation. The only way to stay ahead of the curve is to maintain a diversified portfolio of stocks, bonds and cash well into your retirement years….