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Navigating Asset Allocation for Financial Independence
This chapter focuses on the intricacies of asset allocation as individuals strive for financial independence, emphasizing a balanced approach particularly for those nearing retirement. It critiques traditional models, such as target date funds, and advocates for strategies that minimize emotional influences on investment decisions. The discussion includes the benefits of maintaining a high-equity allocation, the significance of gradual reallocation, and innovative concepts like glide path strategies to manage risk during retirement.