NewburyportNews.com, Newburyport, MA

Business

May 3, 2011

The age-allocation fallacy

(Continued)

The adage, like so many other investment rules of thumb, oversimplifies complex issues. No matter how old a person is, a sound asset-allocation plan starts with one's net worth, expected needs and risk tolerance. Everybody's circumstances are different. The age-allocation adage makes little sense for most people and may just interfere with more appropriate allocations for many older investors.

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Donald E. Askey, a Certified Financial Planner professional and president of Provident Advisory Group, is a registered fee-only adviser, headquartered in Newburyport. For questions, visit www.providentadvisory.com.

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