Investing for a 66-Year-Old
At age 66, Medicare coverage is settled and Social Security delay credits continue accruing at 8% per year until age 70. For those born in 1960 or later, full retirement age is 67, one year away. If you have begun drawing from a portfolio, maintain a bucket strategy: cash and short-term bonds covering one to two years of withdrawals, intermediate bonds for years three and four, and equities for year five onward. This structure limits the need to sell equities during a market downturn, addressing sequence-of-returns risk directly.