Reader joseph stehling e-mails saying he used to agree with me about being fully invested in stocks. But now he wants "some advice on con-verting from stocks to other securities for money needed in retirement." Most retired guys, like Joe, confuse strategy with tactics in thinking they should invest for income. Most of them invest as if they hate their wives. How so? Because their short-term approach regularly leaves a wife—and women tend to outlive men—poor after her husband's death.
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