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  • Planning for Retirement: How to Allocate Your Stocks/Bonds/Cash [View article]
    Hi Roger:

    You seem to be saying that the amoount that you can plan on drawing has nothing to do with how you allocate:

    "My view on taking income from a portfolio is that a person needs the portfolio to create a certain number. If that number is reasonable, 5% or less, then the mix (assuming something close to normal) can be more about tolerances than numbers. Even a 60/40 mix will give a good chance of providing enough growth."

    Asset allocation matters a great deal--- unless you are willing to throw pretty much all the research on this topic in the trash. Bill Bernstein and many other authors, including myself, may agree that a 4% is pretty safe if you have a 60/40 portfolio but most people want to be smarter about it.

    Now, perhaps you are simply making the point that a 4% draw is probably okay with a 60/40 portfolio--is that your point? Am I misunderstanding here?
    Apr 09 11:49 am |Rating: 0 0
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