Name: Allocating Assets for Clients Who Are About to Retire
Uploaded: 2026-02-10T16:00:00Z
Duration: 2 min 44 s
Description: For clients on the verge of retiring, it’s “essential” to break up their assets into three parts, says Nancy Daoud, CEO of Opus: Advice First, a private wealth advisory practice of Ameriprise Financial Services.

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For clients on the verge of retiring, it’s “essential” to break up their assets into three parts, says Nancy Daoud, CEO of Opus: Advice First, a private wealth advisory practice of Ameriprise Financial Services.

https://m.wsj.net/video/20260210/24b8f1e1-8e5d-4bfc-a0d5-dbc573904cc3/1/hls/manifest-hd-wifi.m3u8

Allocating Assets for Clients Who Are About to Retire

When somebody's on the verge of retirement and we're looking for income, it's really essential to take the entire asset base and break it up into three parts. There's a myth out there that, oh, I'm on the verge of retirement and I'm older, therefore I need to be more conservative. And basically that's just so wrong because of longevity. Historically, even prior to the pandemic, we had very low inflation for a couple of decades, but with that, we still lost at least a third of our purchasing power every decade.

That's right.

And the things that go up the most are what I consider to be the non-negotiable expenses, and those are food, gas, electricity, and heat. Regardless of what these things cost, I don't see anyone ever giving those things up. You will kind of have to pay for these no matter what. So we have to build portfolios to at least meet those essentials in addition to all the luxuries of course. But when we break up assets into three parts, there's always, and this is very scientific, of course, there's now money, later money, and much later money. So now money is obviously the portion that has to be very, very stable. So for example, this year it's been a stellar year in the market. I would recommend if you're on an income portfolio or you're receiving income, you take some money off the table, take the money and run like I call it, and make sure you are solid for at least the next three years. Because then regardless of what happens in the world, you basically don't care.

Yeah.

Now the later money is really more of a three to seven year timeframe where it's comprised of more growth and income type vehicles, you know, like value stocks, like bonds, and perhaps annuities or real estate. So we've got some growth there and the income is being used to replenish what's being depleted in the now bucket. But really the bulk of the assets are in the much later category, which is seven to 10 years or longer. And that's where we have to be a great deal more opportunistic and perhaps a little more aggressive and have to be able to weather storms, you know, in a lot of volatility. And the reason for that, of course, is because it's the only hope that we can keep up with purchasing power of the dollar.