Retirement is a very important and most neglected phase of life and portfolio management is very complicated as your expenses grow at a faster pace than money grows during these periods. Planning is the key to having a happy and successful retirement.
Portfolios are generally more conservative in nature during this phase and the risk levels are comparatively very low and more focus is given to protection and a reasonably safe return. As majority of the investment will generally be in debt and other low RISK products, which are more difficult to comprehend and evaluate because of their overall dependency on many Marco economic parameters. A clearer understanding of the economy and future expectations is a needed to create portfolios in such circumstances.