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How Important is Asset Allocation to Financial Security in Retirement?
Social Science Research Network
Financial advice tends to focus on financial assets, but other levers may be more important for most households. This paper proceeds in three stages. The first section reports a simple Excel spreadsheet exercise that provides a stylized example of the tradeoff between returns and time spent in the labor force. The second section uses data from the Health and Retirement Study (HRS) on pre-retirees aged 51-64 to see how the gap between retirement needs and retirement resources is affected bydoi:10.2139/ssrn.2039385 fatcat:yespyvxprbe2fd44mgba2imcdi