TORONTO, Ontario / The Globe and Mail / Personal Finance / Retirement / August 9, 2011
By Simon Avery - Investment Reporter
For investors approaching retirement or already there, the past three years have been a wake-up call. The wild swings in the market over that period have demonstrated that retirees can’t count on traditional portfolios of stocks and bonds to produce a steady, dependable stream of income.
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The solution, says Moshe Milevsky, a professor of finance at York University's Schulich School of Business, is to expand your portfolio to include a wider range of investments that can provide a guaranteed income no matter what the market does.
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