Do you really need to change your Stock/Bond allocation as you age?I have had an allocation of 60/40 for years and years (very well diversified in index funds). When I was younger that allocation undoubtedly seemed a bit too conservative too some, but I liked it as it passed the 'stomach test' and I didn't have a lot of money.Now that I am older, the 60/40 split is about right according to the conventional wisdom.As I get older and farther into my retirement, that allocation may seem to be be too aggressive, but I have about a year's worth of living expenses in a money market, so that undoubtedly will help to smooth any bumps.Anyway, what are your thoughts about changing allocations based on age? (more stocks when you are younger versus more bonds when you are older) versus a middle of the road 60/40 split that you can hold forever?
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