Couple needs to take more risk with $455,000 in savings

Paul Schilling is 60. His wife, Linda, is 59. For the last 16 years, they have spent six days a week managing a successful UPS store, with little time off to enjoy recreational activities or anything resembling a real vacation. Now, they want to retire in six years, if not sooner, so they can enjoy the fruits of their labor and make up for lost time. The problem is that they, like so many other Boomers, lost a great deal during the stock crash that kicked off the Great Recession. And the cash they have saved is simply not going to create the growth the need to fund their retirement goals. To get where they need to be, they need to take risks with their hard-earned savings. The big question is: what risks to take? Read on for the answer.