How Market Timing Affects Portfolios
This is a follow-up to my post last October entitled “Should You Increase Equity Allocation in Retirement?” (https://www.cognizantwealth.com/2013/10/24/should-you-increase-equity-allocation-in-retirement/). At that time I cited research by Pfau & Kitces suggesting that retirees begin their retirement with their investment portfolio allocated very conservatively, and then gradually increase the allocation to stocks as they age. In this post…
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