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Prepare for Downturns in Retirement

Investor Solutions founder Frank Armstrong thinks retirees need ten years worth of retirement income saved up as a buffer against economic downturns.

Christine Benz: Hi. I am Christine Benz from Morningstar.com, here at the Morningstar Investment Conference. One hotly debated topic here at the conference has been asset allocation, and in particular, asset allocation for retiree portfolios.

Here to share his insights is Frank Armstrong. Frank is the President and Founder of Investor Solutions. He is also the author of four books. Frank, thanks for joining us.