What you know about investing in retirement may be wrong

You probably know the conventional wisdom: People just entering retirement should have a big portion of their savings—say, 40% to 60%—invested in stocks to help their nest egg grow over time. And as they age, all but the wealthiest should gradually reduce their equity exposure to protect against 2008-style market declines. 

Actually, those who reduce their equity exposure right after retiring and then gradually raise it are less likely to run out of money, says The Journal of Financial Planning. Read more from The Wall Street Journal...

Thanks to Dorla Evans, one of our class instructors, for the tip!