Rethinking the Shift-to-Bonds Strategy
Wade D. Pfau
Investment adviser Brett Danko has a warning for a New Jersey couple in their early 50s who’ve sought his help about how to plan for retirement: Either allocate more savings to stocks than fixed income, or risk having to scrimp in old age.
The couple, ages 51 and 53, have about 80 percent of their $1 million retirement savings stashed in government bonds yielding just 1 percent to 2 percent; the rest is in stocks.
Weise, Karen and Hymowitz, Carol, "Rethinking the Shift-to-Bonds Strategy" (2015). In the News. 430.