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<<. One theory I've read is that you should subtract your age from 100, invest that percentage in stocks, and the rest in bonds and/or cash. I'm 28, so following that approach would mean I should have 72% of the 401 (k) money invested in stock funds.>>

IMHO, the best reason for a financial planner to recommend this is that he can avoid blame when the stocks go down. Look at a chart for S&P500 for a 20-30-50 year stretch. Even 20% crashes are a mere bobble in the graph.

<< If anyone out there has thoughts on how someone my age should allocate money in a 401(k) plan, I'm interested in hearing your ideas. >>
Go for as close to an index fund as you can. Agitate for them to add one to your investment choices.

Ray

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