2024-10-12 04:50:00 ET
When you retire, your investment goals are likely to change in a material way, going from building a nest egg to living off of one. For most retirees, income investments, like dividend-paying exchange-traded funds (ETFs), will suddenly become your best friends.
But what if you want to keep your life simple so you can spend your time enjoying things like family, travel, and recreation? Here are two ETFs that you can use to create a high-quality, income-producing balanced portfolio, containing a mix of high-grade stocks and bonds.
When it comes to building a balanced portfolio , it is vital to pay attention to the equity component, which should probably make up at least 60% of assets early in retirement (maybe up to 80% for really aggressive investors). The growth equities provide will help your portfolio keep up with inflation over time.
