Retirement - Question 61

As a retiree, how can I maintain my current income (while interest rates we declining) without increasing my risk?

This depends upon what your current investments are. If your current investments are CDs and money market funds, and you wish to increase your return, you will have to increase your risk. There is a strong relationship between risk and reward. You can’t avoid some risk of principal if you try to increase your return. However, if you have no risk of principal and your return is less than the rate of inflation, you will lose money each year.