Retirees: How to Increase Your Income Immediately
Image source: Getty Images. Often, retirees are recommended to hold an investment portfolio that consists of a mix of bonds and stocks. The general advice to the typical investor maybe 40% bonds and 60% stocks. An old rule of thumb is to subtract your age from 100 for the percentage in stocks. This suggests that if you’re 65, you should keep 35% of your portfolio in stocks and 65% in fixed-income investments like bonds. However, as interest rates have fallen to historical lows and life expectancy has risen around the world, including in Canada, it has become paramount to...