Originally Posted by AirbusPTC

What yourself? "10% in equities"...that's not true...it's not the industry standard or recommendation. Retirees are planning on living another 20+ years correct? So the must still think long-term and for that reason it is recommended to stay invested in the stock market. Of course their risk tolerance is less, they must move money into more secure stocks or ETF's. Also the standard recommendation is to have a large percentage of your portfolio in cash, to be able to "survive" a 2-3 year market down-turn without having to sell equities at a market bottom. I don't know anyone who recommends that retirees have only a 10% exposure to equities when within five years of retirement throughout their retirement.