Swedroe: Declining Or Rising Equity Strategy In Retirement?
Wade D. Pfau
Traditional retirement planning calls for gradually reducing an investor’s equity allocation and increasing the allocation to safe bonds.
Perhaps the most well-known example of this concept is the adage that your stock allocation should be equal to 100 minus your age (or with now-longer life expectancies, 110 minus your age).
Swedroe, Larry, "Swedroe: Declining Or Rising Equity Strategy In Retirement?" (2016). In the News. 1546.