I'm 56 and retired - I am looking to invest about $700k and not sure where to put it
Briefly

Investing in retirement is crucial to maintain financial stability, but caution is necessary. Retirees should not convert all assets to cash, as this can lead to returns that fall short of inflation. Diversifying investments, including maintaining a portion of stocks (up to 60% advisable), can help balance risk and growth. Engaging a qualified financial advisor can enhance investing strategies tailored to individual risk tolerance and goals. A blend of stocks and potentially S&P 500 ETFs is recommended to sustain portfolio value throughout retirement.
Once you retire, it's a good idea to continue investing. You don't want to convert all of your assets into cash, because you may not earn a high enough return on your money.
Read at 24/7 Wall St.
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