Retirement plans must include stocks, especially when interest rates remain low, nevertheless, 401ks and IRAs are not for market-timing or day-trading, says Ric Edelman, author of "The Truth About Retirement Plans and IRAs". Edelman says individuals must think long term when it comes to their retirement plans and let diversification do the work as opposed to changing strategies on a daily basis. Finally, he offers tips about systematic withdrawals to prevent people from outliving their money.

If you liked this article you might like

How 1-800-Flowers Preps for Valentine's Day Crush

How 1-800-Flowers Preps for Valentine's Day Crush

Forget Gold and Platinum! Give Your Sweetie Iridium this Valentine's Day

Forget Gold and Platinum! Give Your Sweetie Iridium this Valentine's Day

News Corp. Beats on Bottom Line Despite Sluggish Ad Sales

News Corp. Beats on Bottom Line Despite Sluggish Ad Sales

Nvidia Q4 Beats Street on Top and Bottom Lines

Nvidia Q4 Beats Street on Top and Bottom Lines

Coca-Cola: We'd Like the World to Buy a Coke Zero -- or a Smartwater!

Coca-Cola: We'd Like the World to Buy a Coke Zero -- or a Smartwater!