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Subject:  Re: What Bond Allocation for 56yo? Date:  9/4/2007  7:58 AM
Author:  Lokicious Number:  21494 of 36864

I love the word, "definitive" :-) bingo

Defimitive means based on the future repeating the past.

The defintive thing to do, which Paul started by recommending, is to figure out expenses and financial resources and what kind of withdrawal rate will be required. The reason my allocation in fixed income seems high to many is because I save a lot and don't spend money on stuff other people think I should want. That means I will retire with less than a 3% initial withdrawal rate and aces in the hole (like Social Security and home equity). You father doesn't sound like he can do that, but if you can't get him to do some basic budgeting and financial planning, the whole thing becomes a wing and a prayer.
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