Why Retirees Still Need Stocks  Watch stocks you care about
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Fool service...  Click Here Now  Throughout the nation,
investors are moving their money from stocks to bonds. Yet for
retirees, who might feel the most justified in reducing their
risk levels, relying on an all-bond portfolio is basically the
same thing as giving up hope of having a secure retirement.
Vanishing withdrawals The big problem retirees are facing is
reduction of investment income. At current rates, short-term
investments like savings accounts and CDs with maturities
shorter than a year often pay 1% or less. Even if you're willing
to commit to locking up your money for a longer period of time,
Treasury rates of 2.5% for 10-year bonds aren't going to make
you rich.  In fact, as much as this low-income environment has
wreaked havoc on retirees' finances in recent months, the
consequences could be even more extreme in the long run. The
reason has to do with what it takes to p