The 60/40 Portfolio Is Dead. Here’s How Advisors Are Replacing it.

Thanks for the memories, 60/40. A mix of 60% stocks and 40% bonds, or something close to it, could for decades be expected to produce enough stable growth and steady income to meet retirement goals. But sky-high stock prices, rock-bottom interest rates and an increasing tendency for the two asset classes to move in lockstep has prompted most advisors to ditch the formula. What are they doing instead? That’s the topic of this Big Q, our weekly feature where we ask advisors to weigh in on important questions.

, partner and wealth…