Asset Allocation for Retirees: Five Things to Consider

Everybody’s retirement is different, so the answers to these questions can help you determine the appropriate asset allocation for you.

An older couple look at paperwork together while sitting in front of a laptop at their kitchen table.
(Image credit: Getty Images)

Asking a financial planner what the best asset allocation is for retirees is a bit like asking a dietitian what the best diet is for retirees. Ask five professionals and you’re likely to get five different answers, rooted in personal biases and beliefs. So, what’s the real answer? It’s personal and it’s complicated. I’ve got clients who look almost the same on paper but don’t have the same stock-bond breakdown.

Below are five factors that can lead you to something appropriate for your situation.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

Evan T. Beach, CFP®, AWMA®
President, Exit 59 Advisory

After graduating from the University of Delaware and Georgetown University, I pursued a career in financial planning. At age 26, I earned my CERTIFIED FINANCIAL PLANNER™ certification.  I also hold the IRS Enrolled Agent license, which allows for a unique approach to planning that can be beneficial to retirees and those selling their businesses, who are eager to minimize lifetime taxes and maximize income.