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How Should I Invest Now That I’m Retired?
What’s the best way to invest your savings once you’re no longer drawing a paycheck? Should you keep a high proportion of your investments in stocks, as you probably did while saving for retirement? Should the rest be in bonds (wait — aren’t they losing money right now)? And how big an emergency fund do you need? Read on, dear reader, for answers to these important questions. Timeless Advice from Investment Giants Let’s begin with a Warren Buffet tale. (It’s fortunate he exists; if he didn’t, we would have to invent an apocryphal Warren-like character to illustrate financial truths in a folksy style.) In 2007, he made a bet with…