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Building a New Retirement Portfolio

Stock quotes in this article: JPC , HPF , PSW , FVD , ERC , BMT , CXE , DMF , PMM , MNP , MPT , EVJ , MYJ , SGL , BGT , FCM , JRO , FUND , RVT , TICC , TRU  

This column originally appeared Jan. 31 on RealMoney. We're running it today as a bonus for TheStreet.com readers. To subscribe to RealMoney click here.

My mother recently retired after a 43-year career in the computer software industry, and she asked me to create her retirement portfolio.

With her retirement, she wanted to make 8%-10% annually, which is more than any money manager could get given current interest rates.

Additionally, she wanted liquidity (the ability to take money out), which is something a hedge fund couldn't give her since they typically have one-year lockups. ...

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