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I'm looking for advice. I'm 69 and, aside from a small consulting practice, am retired. About 80% of our investments is in stocks. Some "experts" tell me that I should have only about 30% in stocks, with the remainder in bonds, etc. Other "experts" say that is not true if you have a substantial retirement pension, especially if it has COLA provisions. They refer to such a pension as "phantom investments". My concern, of course, is that I need the stocks to keep up with inflation.

Does anyone know what the best approach is, if one has a solid pension? TIA.
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