In this edition of our Motley Fool Conversations series, Fool personal finance expert Dayana Yochim and retirement planning analyst Dan Caplinger discuss the challenges of investing for retirement under current market conditions. With low interest rates, investors can't rely on bonds and other low-risk investments to provide the income they need in retirement. Instead, many investors have turned to the stock market, where dividend stocks in particular offer greater income potential than bonds right now but also have higher risks of loss.

Dan points out that many companies have been able to issue bonds at much lower interest rates than the dividend yields that their shares pay out. Yet as anxious as some people are about the dangers of retirees crowding into stocks, Dayana and Dan explain that those anxieties are largely unfounded, noting how important it is to have a solid mix of dividend- and growth-oriented investments in order to ensure that you won't outlive your savings.

Neither Fool contributor Dan Caplinger nor personal finance expert Dayana Yochim has any position in any stocks mentioned. You can follow Dan on Twitter @DanCaplinger. The Motley Fool recommends Johnson & Johnson and Netflix. The Motley Fool owns shares of Johnson & Johnson, Microsoft, and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.