Should You Increase the Risk in Your Retirement Portfolio?

Retirees today face a challenging conundrum: How to invest in retirement with enough risk to maintain your purchasing power for 30-plus years while not taking so much risk that you leave your underbelly exposed. Faced with these two financial hurdles, some are advocating the need for more aggressive investing in retirement. "The riskiest day in your entire financial life is the day you retire," says Barbara Reinhard, head of asset allocation at Voya Investment Management.