Retired need to do this?

[Orchidflower]

Is this the formula most use--after 55 and retired--to divide your finances:

45% Large cap
30% cash and bonds
10% international
10% midcap
5% small cap

Money magazine suggests this formula, and I just want to see if the consensus agrees. Do you?
And thanks for any help you can give, too!

P.S. I am sure there are posts on this somewhere, but my gosh! how long would it take to wade thru? And I know this board has some pretty knowledgeable folks on it.