No. 8: Design your portfolio for income
As you count down to retirement, you will move from accumulating funds to withdrawing funds on which to live. Designing a post-retirement investment portfolio that can provide enough income while appropriately managing risk is a major challenge, especially as life spans are increasing. This requires a balance of growth assets such as stocks and more conservative assets, such as bonds and cash.
Vollmer stress-tests client portfolios to ensure that, to the greatest degree possible, they can last throughout a long retirement and avoid major losses in the event of a sudden or prolonged market downturn. "We look at various scenarios and run simulations so that market events don't derail client goals and plans," he says.