Retirees should focus on income amid new White House: Advisor

Donald Trump’s return to the White House has left many retirees uncertain about how to navigate the current market.

Providence Financial & Insurance Services President Anthony Saccaro joins Wealth! Host Brad Smith, cautioning retirees against making risky investment decisions given market instability.

“Most retirees need to get income out of their portfolio,” Saccaro said. “If you invest for income, income in the form of interest and dividends, you can spend your interest and dividends without ever selling a single share.”

In doing so, Saccaro explains that retirees don’t have to worry about depleting their money.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Cindy Mizaku.