Investing for the Long Haul
Wade D. Pfau
Traditional wisdom has it that you invest heavily in stocks while you’re young and scale back that part of your portfolio to, say, 50 percent as you approach retirement. Near-retirees still reeling from the bear market that ended in 2009, not to mention the recent market free fall, may cringe at the idea of putting even half their money in stocks.
Bennett Clark, Jane, "Investing for the Long Haul" (2015). In the News. 358.