“What we do, is rather than looking at assets as a big pot, we segment your assets into buckets, and each bucket has a five-year time horizon. We use the first two buckets to have no market risk, then whatever that does never makes it a bad time for you to retire because of the sequence of return risk.
“We put the equities in the long term bucket. It’s kind of like conveyor belts. One and two buckets are all income-producing instruments, and three, four and five have different target rates of return. Then there’s the legacy bucket, where the gyrations in the market won’t affect your daily life,’’ he said.