An Adage Adjustment for Investors at Retirement
Wade D. Pfau
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.
Siegel Bernard, Tara, "An Adage Adjustment for Investors at Retirement" (2013). In the News. 480.