In the News

Title

An Adage Adjustment for Investors at Retirement

Document Type

Article

Publication Date

9-14-2013

Abstract

It’s the kind of advice that people approaching retirement long to hear: you may not need to keep as much of your hard-earned savings in stocks.

Traditionally, retirees have been told to keep a significant slice — about 50 to 60 percent of their portfolio — in these risky assets, and that’s what many people tend to do.