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No One Loves Your Money Like You Do: The Ultimate Retirement Planning Guide for Business Owners and Private Practitioners by James Jackson

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9

Stocks and Bonds

By now, you know that your retirement plan’s success hinges on your money working hard for you—and growing enough to outpace inflation and your planned withdrawals. Owning stocks—either directly or within a mutual fund or exchange-traded fund (ETF)—is the best way over time to do both.

As I showed you in Chapter 6, a successful retirement portfolio needs to be balanced and diversified, with an appropriate allocation of your assets. In other words, if you are going to own stocks, you need to own bonds too, although I will caution you about being too heavily invested in bonds. The ideal allocation with individual stocks and bonds is the same for mutual funds: your portfolio should be 60 to 70 percent stocks and 30 to 40 percent ...

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