It is commonly assumed that the older a person gets, the less risk tolerant he or she becomes. Why might this be a standard assumption, and do you believe this assumption? Interview several retired persons about their risk tolerance, and how it has affected their asset aJlocation. Did their allocation changes, if any, follow the recommendations found in this chapter? What do your results tell you? Were they taking more or less risk with their portfolios than recommended? Why might this be the case? Explain your answers in a one- to two-page report.