For example, the goal is a comfortable retirement. So you take advantage of your 401(k) plan at work and start to squirrel away money. You’re getting the company match of 3% so you are thinking you are doing well. Your time horizon is 25 years to retirement so you invest the portfolio in a 100% stocks.
Let’s fast forward here. It is now 2013 and you are approaching that magic Medicare age. You are thinking retirement in a couple of years. You look at your 401(k) statement and you are still 100% invested in stocks "
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