Kiplinger and Time vs. Lloyd and Harry

June 20, 2016
Kiplinger: 3 Most Dangerous Myths of Retirement Planning

The asset-allocation rule is outdated. It suggests that you decrease the stock allocation of your portfolio and increase your share of so-called safe investments (such as bonds or certificates of deposit) as you age. The rationale was two-fold: 1) As you age, you have less time to grow your money or to recover from a loss, and 2) the "safer" investments are safe, yet provide better returns than inflation.

However, times have changed since the rule first came into style. These days, people are living much longer, and bonds and CDs are not as rewarding as they once were. Following this rule for your retirement plan in current times could put you in the danger zone of outliving your portfolio. Not an ideal plan obviously!

We know that bonds and CDs will not be as rewarding as they once were. It therefore seems very dangerous to assume that stocks will be as rewarding as they once were.

4 days later:

June 24, 2016
Time: 3 Tips for Retirement Investors in a Post-Brexit World

2. Review your asset allocation. This is not the time to start tweaking your portfolio. But you do want to make sure that you asset mix fits your goals and risk tolerance. If you are finding it difficult to sit through this kind of market volatility, you may want to ratchet down your stake in stocks. But don’t sell during the crisis—instead direct future contributions to bonds and cash. (And if you’re nearing retirement, you should already be doing this.)

Kiplinger steers retirees into stocks right before stocks crash. Time steers retirees into bonds right after stocks crash.

As a team, they're making Dumb and Dumber look like an Oscar-worthy drama this week. ;)