When you're working and contributing to a retirement plan, you're supposed to invest your savings so your money can grow into a larger sum over time. And once you're retired, it's best to largely keep your nest egg invested in various assets. That way, your money can continue growing, even as you're taking withdrawals.

You'll often hear that it's a good idea to shift away from stocks during retirement and invest more heavily in bonds. That's good advice, since stocks tend to be far more volatile.

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Source Fool.com