Advisor's Terminology Confusing
Our current financial advisor is suggesting that based on our risk tolerance we should look at our portfolio buckets as growth and protected. Not stocks and bonds. We are a senior retired couple (68 and 74). Depending on our risk tolerance we would have 60% growth and 40% protected. The protected portion would include a portion of stable dividend producing stocks and the rest would be fix income products. To accommodate a higher and lower risk tolerance the portion of stable dividend producing stocks would go up or down. We are more comfortable with the standard Fixed Income and Equity buckets but understand that dividend producing stocks can play an important role in a retirement plan.