Creating the ideal retirement portfolio
By Gordon Powers, Sympatico / MSN Finance
Sadly, many people have found out too late that stocks are suitable only for money that they won't need for several years. No one knows the ideal time horizon for holding stocks but you can be certain that it's extremely risky for money that you think you'll need in a year or two.
And if you didn’t know this before, 2008’s meltdown brought it home with a vengeance.
Older investors, in particular, need to be wary of market downturns as they enter what York University prof Moshe Milevsky has labelled the "retirement risk zone" — namely, the period just before or after they leave work.