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The retirement equivalent of jumping out of an airplane?

This totally goes against the rule of thumb of becoming more conservative as you get older.  But this is counter-intuitive for most people.

If you go more aggressive as you get older, can you handle the emotional roller coaster as your retirement funds go up and down?

Should you invest in more risk as you age?

http://www.consumerreports.org/cro/2014/11/should-you-invest-in-more-risk-as-you-age/index.htm