Morningstar.com has an article today entitled "Portfolio Makeover: Getting Ready for Retirement".
The author provides financial planning advice to a 62 year old widow who is retiring. Among other recommedations, the advice is to convert her existing portfolio to a diversified 60/40 "growth portfolio" containing an astonishing (to me, anyway) 10
bond funds and 25
equity/real estate funds.
Do you really need 35 funds
to build a retirment portfolio? Whatever happened to simplicity and low cost investing? Oh yeah...fees, commissions, profits, and greed.