I am a littlle more agressive with equities than
most at age 70. *However, I am comfortable with
a 60/40 split. *Ironicallly,
if my stash were bigger, I would probably be more
I too follow a 60/40 split for our portfolio as well as that of my 91 year old mother, but my rationale is different. It seems to me that you determine how many years of future income you need in fixed income securites to be comfortable, and let that guide your asset allocation. In my mother's case, the 40% in fixed income securities is more than 15 years of her annual draw, so I feel justified in allocating the other 60% to equities.