But what if you’re a retired high net worth investor with $1 million-plus in investable assets? “Even people in their 80s are maintaining high equity exposure, investing for long-term growth,” says Sameer Aurora, who led the research team. UBSThe rule of thumb is that your stock allocation should equal 100 minus your age (a 75-year-old would hold 25% in stocks, for example). And 8 out of 10 of them maintained or increased their exposure to stocks after they retired. Then, once they’re financially secure, they’re very focused on their legacy—philanthropic causes and their heirs.

Source: Forbes July 20, 2017 13:28 UTC