Will traditional lifestyle portfolios suit tomorrow's retirees?

What's a lifestyle portfolio? Lifestyle portfolios hinge on the idea that certain asset allocations...

What's a lifestyle portfolio? Lifestyle portfolios hinge on the idea that certain asset allocations are appropriate for investors at different stages of their lives. While younger investors can pile into equities for maximum growth, as they have enough time to ride out any short-term dips in the market, those approaching retirement are channelled into fixed-income investments to safeguard the value of the fund they have built up. That sounds quite sensible. On one hand it is - you don't want your entire retirement fund to be wiped out by a stock market meltdown two days before you get th...