How to Think About Risk in Retirement – WSJ.

New perspective that challenges the “aged” based ratio when determining a portfolio allocation between stocks and bonds.  They suggest spending down the bond portion of a portfolio, which automatically increases the percentage of stocks held.  Over the many years of retirement the stock portion is anticipated to continue to grow in value, resulting in a “safety net” of equity at the end of the retirement period.

An excellent analysis and a great article.