“How does all this apply to me?”
Parts 1-3 of my article series on Advisor Perspectives (VettaFi) explored the theory and historical data on the nature of investment risk and return over long horizons. In Part 4, we get practical, demonstrating how discoveries from previous articles can be applied to a goals-based investment approach in retirement, creating security where security is needed and enabling higher expected return where (and only where) flexible expense planning is okay.
Finally, special thanks to Joe Tomlinson and Michael Finke for their helpful comments on this article series. The final product is much better for their input.
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