[ThrowawayR2]

There is always a need to balance both the short term and the long term. I rather doubt anyone who has retired and is drawing on their retirement investments will be thinking long term since, to be morbid, they simply aren't going to be around in the long term.

[emodendroket]

Somebody who is currently living off of their investments should probably have moved most of them out of volatile investments like stock anyway.