Getting close to retirement? You should shift towards debt-heavy portfolio

Usually, personal finance advisors suggest gradually lowering equity exposure closer to retirement, but maintaining a portion in good quality stocks or mutual funds can add sheen to the portfolio

Retirement comes with its own set of challenges. But if you are retiring during a slowdown, the challenges may just increase a little more. And those invested in equities would also be a worried lot. Friday’s 5.32 per cent (around 2,000 points) jump after Finance Minister announced deep cuts in corporate taxation might be a relief, but the benchmark index is up only 2.4 per cent during the past year. And we are far away from being a booming economy. 

Usually, personal finance advisors suggest gradually lowering equity exposure closer to retirement, but maintaining a portion in good quality stocks or