A wealth management strategy that combines asset allocation, diversification, and cash flows will give you the best chance to achieve the highest returns in retirement.

But this is a tricky strategy to master and is a big topic that has yet to be fully addressed by experts.

Here are some key points to consider before choosing one.

Key points: Asset allocation: Asset allocations can be complex and difficult to determine, but a good rule of thumb is to have three or more asset classes in your portfolio.