My 53 year old brother has irritable bowl syndrome and type two diabetes. Is very over overweight. He said to invest his trust money NOT for growth except a little bit. But for preservation. Invest like he is 70 years old. The funds he picked will produce 4 percent total return. Just enough to get past a 3 percent inflation rate.
Name that program...or fund.
I know back when 9/11 happened, a lot of seniors lost half of their retirement, including myself. It has taken a decade or more to bring one's portfolio back up to what it was the day before 9/11. Yikes, talk about stress. Now I have less risk stocks now that I am 70 years old. No more just playing the market and hope for a winner.