Another Y2K retiree. I think the 75% equities is reasonable AA for retiree that certainly was what conventional wisdom in the forums was at the time. However I think Raddr 25% in cash isn't very realistic. I have a bias for stocks, but I distinctly remember when IBond and TIPs where above 3.5 back in 99 and 2000 they generated a lot of interest among retiree. I know I put 15% of my money in 10 Year TIP and another 10% or so in muni bonds, GNMA etc. My cash AA was typically around 5%.