Retirement Strategy: Should You Be Buying More Stocks?
Wade D. Pfau
Conventional wisdom says that your retirement portfolio should consist of about 60% stocks and 40% bonds when you reach retirement age, and that this allocation should gradually shift more and more toward bonds as you age. The reason for this recommendation is that as you get older, your investment time horizon shortens, leaving you less time to ride out any downturns in the stock market.
Fontinelle, Amy, "Retirement Strategy: Should You Be Buying More Stocks?" (2016). In the News. 1431.