I Recently Retired and I'm Still Buying Stocks. Here's Why and What.
The stock market has been on the downside of the roller coaster for months as the correction turns into a bear market and retirement savings get hammered.
The advice here is to ride it out. That's particularly true if you're years from retirement. I'm not: I retired from my day job last December. My wife still works, and we're keeping up with our expenses and still saving some, and we're still buying stocks.
Those investments are taking place through her 401(k) in the form of target-date mutual funds that shift their asset mix as retirement approaches. And for me, that's by reinvesting dividends and buying more shares of income-producing stocks -- following three pieces of what I think has been sage advice for years.
Source Fool.com
