Question: What makes capital needs analysis so important in financial planning? What are the key retirement income needs? How do these income needs change through retirement?

What makes capital needs analysis so important in financial planning?

What are the key retirement income needs?

How do these income needs change through retirement?

Discuss how asset allocation (stocks/bonds/cash) might change as the person/couple transition from an accumulation portfolio during their working career to a distribution portfolio in retirement?

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