One retirement plan does not fit all. How savings earmarked for the golden years are invested can vary from stocks and corporate bonds, commodities, low-cost index funds, even high-grade junk bonds to shares of foreign companies in emerging economies. All can produce decent yields. What is most important, say advisors across the country, is drawing up a financial plan and sticking to it.
Successful retirement planning doesn’t hinge on beating market averages and other quantitative measures. Rather, it’s about what the client wants to do in retirementquality of lifeand having the funds to meet those goals. A sharp focus on expenses is also needed.