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For those hoping to become wealthy, a job with a high salary would seem to be a big step in the right direction. However, high income alone doesn’t guarantee a high net worth, and a growing number of high earners say they don’t see themselves as wealthy. Advisors call this group HENRYs: “High Earners, Not Rich Yet.”

The future of Social Security remains a looming question for millions of Americans who count on those benefits in retirement. If President Joe Biden wins a second term, his administration will face mounting pressure to make changes for the future of the Social Security program. Substantial reforms may be necessary to ensure the program remains available for generations to come.

When financial advisors seek ways to manage risk in retirement investing, they typically look to bonds, which are traditionally seen as the optimal asset for offsetting the volatility in stock markets. By orchestrating a healthy mix of stocks and bonds in retirement accounts, advisors create a higher level of stability.

Ask most financial advisors about the standard approach to retirement investing and they will tell you about the 60/40 strategy. A diversified portfolio comprised of 60 percent stocks and 40 percent bonds has been the go-to choice for retirement investing for decades. The bond portion of the portfolio is meant to provide a low-risk component that balances out the volatility that stocks bring to the equation.