In your retirement years, consider the following asset mix:

When you are nearing retirement or have retired, you may choose mostly to avoid risk; you would rather earn less and know your money is safe. Some people, though, can’t afford to play it too safe because they have not saved enough to meet their needs. If this is you, you may want to tilt your investments somewhat more toward growth. 

When you invest, you may want to put more of your money into: 

• Preferred shares, monthly payout Guaranteed Investment Certificates (GICs), Canada Savings Bonds, blue chip stocks, and other low-risk investments
• An annuity. 

Reviewing your asset mix

Review your mix from time to time and to consider rebalancing your portfolio:

• When you’re making a major new investment
• When one asset has had an unexpectedly good or bad return compared to others
• Each year, before tax season
• Whenever you’re speaking with a financial adviser.

Remember: Asset mix is critical to investment success

It’s also a very personal matter. You may be willing to take more risk in your early and peak earning years. As you head toward retirement, many people choose a more conservative mix. If you don’t feel comfortable choosing your own asset mix, you may want to get some expert advice.