The investment portfolio cocktail of 60 per cent equities and 40 per cent bonds has many critics - big financial institutions have lined-up to sneer at the mix for over a decade now
Unloved 60/40 retirement portfolio strategy needs a modern makeover to win over skeptics: Emily Cadman financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
We’ve been exploring the state of retirement in the United States on
The Long View. Last week, we talked with progressive labor economist Teresa Ghilarducci. On this week’s episode, we chatted with Andrew Biggs, resident scholar at the American Enterprise Institute. He is more sanguine about the state of retirement in the U.S., though he is also in favor of some reforms. Andrew is an expert on Social Security reform, state and local government pensions, and public sector pay and benefits. Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration, where he oversaw the agency s policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of then-President George W. Bush s Commission to Strengthen Social Security. He holds a bachelor s degree from Queen s University Belfast in Northern Ireland, master s degrees from Cambridge Uni