According to a Russell press release, the research finding is key to the strategy behind the launch of the Russell Retirement Essentials Portfolio (RREP) in Canada. The portfolio has a 35% allocation to equities and a 65% allocation to bonds.
The RREP is based on the Russell 10/30/60 Retirement Rule – which says that investment earnings during retirement could be made up from 10% savings during the working years, 30% pre-retirement investment growth, and as much as 60% from growth after retirement. The theory all depends on having the right asset mix of bonds and equities, Russell said in the release.
The RREP is part of Russell’s retirement investment solution, which features a full range of retirement portfolios optimized for three distinct retirement needs: Essentials, Lifestyle, and Estate.
For more information, go to www.dontretirefrominvesting.com .
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