Fosler also advises allowing people to buy into Social Security so they could buy up a higher annuity and allowing employers to buy into Social Security.
Fosler, who considers herself a long-term, buy and hold kind of investor, said that this ledger strategy will help investors to catch the wave at the appropriate time.
So rather than drive yourself nuts tweaking your investments because, for instance, the latest unemployment numbers just came out, Fosler said people should use a more disciplined and long-term approach, like a list.
Regarding near-retirees, Fosler advises looking at your 401(k) and Social Security as a composite so that you take your more risky income earlier and push government guaranteed income out as far as you feasibly can.