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I'm approaching retirement and am not sure what road to follow to ensure my financial security. I know, that's the $64K question.

If my calculations are correct I need a 6% ROI to maintain my nest egg through 25 yrs of retirement.

I just signed up for TMF Million Dollar Portfolio hoping it will help guide me down the right path.

Then I read this:

5. Not giving a hoot about asset allocation. And speaking of mixing stocks and bonds, nothing can wound a retirement like bad investment decisions, whether it's owning too much of one stock, letting emotions take over, chasing the latest fad, or letting short-term events affect your long-term strategy.

You basically have two choices: You can be a master stock-picker like Warren Buffett or Peter Lynch and try to find the next Philadelphia Consolidated (Nasdaq: PHLY), or decide whether a 8.3% dividend yield makes Altria (NYSE: MO) a good stock. Or you can broadly diversify your assets, mostly via low-cost index funds such as the Vanguard 500 Index Fund (VFINX).

This way, you enjoy exposure to giants like ExxonMobil (NYSE: XOM) and Microsoft (Nasdaq: MSFT) -- both stocks are among the fund's top 10 holdings -- and smaller growth companies such as Watson Pharmaceuticals (Nasdaq: WPI) and Bemis Co. (NYSE: BMS). But until you've established your skill at finding great investments, keep the bulk of your assets in a broadly diversified, regularly rebalanced portfolio.

Sometimes all this information is just overwhelming.

Maybe I should just purchase for annuity and forgetaboutit.

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