Sunday Morning Discussions: A Critical Assessment of Lifecycle Investment Advice

Let’s meet up to discuss a thought-provoking paper that challenges traditional thinking on stock and bond allocations for retirement.
The podcast linked below breaks down a study by Scott Cedarburg, which examines withdrawal strategies across various stock and bond portfolios using historical data from multiple countries and time periods. The surprising conclusion? A 100% equity portfolio with strong international diversification may actually be safer than including bonds.

What do you think? Can an all-stock portfolio truly provide a safer path to retirement? Or are bonds still essential for stability? Let’s share our own perspectives, challenge assumptions, and dig into the implications of this research.

🎧 Podcast (no reading required to join the discussion):
https://www.youtube.com/watch?v=iH4f-J6TZsg
📄 For those interested in a deeper dive, here’s the full paper:
Scott Cedarburg, Safe Withdrawal Rates and Asset Allocation: Evidence from Long-Term Data Across Countries — SSRN

Please note: The coffee shop kindly hosts us with the expectation that each attendee makes a purchase. Please plan accordingly.
Venue: East Simpson Coffee Company
Website: https://www.eastsimpsoncoffee.com/
We'll be in The Cottage, located next door to the main building. Ask the staff for directions if needed.