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by hkmurakami 3437 days ago
You're not putting 100% of your portfolio in equities if you're living off its cash flow [1]. ZIRP means your fixed income can flow is weak. Things to consider when allocating as a retiree.

[1] imo it's okay to do this while you're in the workforce since you're salary effectively acts as your fixed income portion of the portfolio.
1 comments
cjlars 3437 days ago
My prior comment may not have been 100% correct. I believe the specific research that lead to the so called 4% rule did include a mix of stocks and bonds. As you point out, you would tend to roll back your risk tolerance as you reach retirement. Here's more on it for anyone interested:

http://blog.cordantwealth.com/how-much-can-i-spend-in-retire...?

link