Playing It Safe at 73 With $1.6 Million Could Cost This Single Retiree $340,000 Over a 20-Year Retirement

A 73-year-old single retiree has a $1.6 million portfolio invested 80% in bonds and 20% in stocks, spends $64,000 annually, and receives $34,000 per year from Social Security. At first glance, the allocation appears consistent with traditional retirement advice: a heavy bond position to reduce volatility and a smaller stock allocation to preserve capital. However,... Playing It Safe at 73 With $1.6 Million Could Cost This Single Retiree $340,000 Over a 20-Year Retirement