“When you were young, risk wasn’t such a concern; you could always make a comeback. Now that you’re near retirement or already there, managing risk becomes paramount – it’s too difficult to come back from a major loss.
At the same time, you also face the risk of being too conservative, which may keep you from reaching your target return.
As you can see, retirement investing is a tightrope walk that demands a highly disciplined investment process which can succeed in market cycle after cycle through your entire lifetime.”
Larry Stein, “Retirement investing is all about one thing,” MarketWatch, September 9, 2015