If you financial advisor’s plan for your retirement is to save as much as you can and to diversify between stocks, bonds and cash, then you might not be getting the best advice. Advisors should be instructing clients to work longer, cut spending and use a reverse mortgage, according to research from the Center for Retirement Research at Boston College. The study ran three simulations to evaluate how different strategies would benefit thousands of people who have been under the study since 1990. Researcher found that most people have small investment portfolios that bulking up on stocks has little benefit. Delaying retirement, however, reduces the number of years one needs to finance, give investment more time to grow, and the Social Security benefit is 75% larger if retirement starts at 70 instead of 62.