Here is a conversation you have:

Mr. Bond: Im worried about what you said. I dont want to run out of money and become a burden on my kids who will feel obligated to help me by paying my bills.

You: I totally understand. To make sure that wont be the case, I recommend you put most of your money in bonds.

Mr. Bond: In bonds? My whole life Ive only invested in stocks, and most of the time it was OK. Why should I change now to bonds?

What would you answer? Mark all that apply.

If you feel more comfortable investing in stocks, since thats familiar to you, we can keep the portfolio as a stock portfolio.

Its true that youve done OK in the stock market, but no one can guarantee that youll continue doing OK there.

Since you dont have the flexibility to take so much risk, you should invest only in safe stocks.

If you invest in bonds, you will be able to maintain a steady and predictable source of income with less risk than with stocks.