It’s a fact that many financial advisors working today entered the business in the 1980s and 1990s during the best stock market in U.S. history. Consequently, they became stock
market specialists, favoring growth instead of income. Many of them also became heavily focused on mutual funds.

Although mutual funds can be practical and effective investment tools during your growth and accumulation years of financial planning (in your 30s and 40s, primarily), once you get within ten or so years of retirement age, the inherent risks of mutual funds can become counterproductive to your goals.