Jerry, age 72, is retired. Jerry’s primary investment objective is generating income. Based on the results of Jerry’s risk tolerance questionnaire, he is a conservative investor. Generally, which of the following asset allocation strategies is most appropriate for Jerry’s retirement investments?
a. 50% Equities and 50% Bonds.
b. 80% Bonds and 20% Equities.
c. 80% Equities and 20% Bonds.
d. 100% Bonds and 0% Equities.