8 • MARTIN H. RUBY
“Subtract your age from 100 – that’s the percent of your port- folio to keep in stocks.” – CNN Money 4 This is getting confusing, you think. I’ll just fall back on the old tried-and-true advice to keep 60 percent of my portfolio in stocks, and around 40 percent in bonds. “The 60 / 40 stock-and-bond portfolio mix is dead.” – Motley Fool 5 Oh . . . See what I mean? No wonder so many savers are confused at best, and fed-up at worst. The Conflict Inherent in Today’s Market Part of the problem is today’s market is filled with conflicts of its own, and that makes allocating your funds very difficult. Take my client Eddie. Eddie is sixty-six years old and recently retired from one of the largest construction companies in our state. He’s done a pretty good job of saving in his company’s 401(k) program, but he’ll be the first to admit he underestimated just how much income he and his wife need in retirement. He once quipped to me, “I’ve got grandkids stretching from California to South Carolina. We’ll burn through our retirement funds in airfare alone!” Eddie is faced with a very common problem, one I suspect you struggle with, too. First, Eddie wants his retirement funds to grow. 4 CNN Money. 2018. “Ultimate Guide to Retirement.” http: // money.cnn.com / retire- ment / guide / investing_basics.moneymag / index7.htm. 5 Selena Maranjian. The Motley Fool. Dec. 29, 2016. “5 Facts About Stocks Every Baby Boomer Should Know.” https: // www.fool.com / retirement / 2016 / 12 / 29 / 5-facts-about- stocks-every-baby-boomer-should-know.aspx.
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