Gary Is 60 Years Old, His Children Are Grown, and Is

Gary is 60 years old, his children are grown, and is planning to retire at age 67. His retirement portfolio has about $900,000 and other wealth totals $350,000. Which of the following asset allocations would be consistent with factors affecting Gary's risk attitude and time horizon?

A) Small stocks: 10 percent, large stocks: 30 percent, high-risk corporate bonds: 0 percent, corporate bonds: 55 percent, and money market funds: 5 percent
B) Small stocks: 30 percent, large stocks: 40 percent, high-risk corporate bonds: 20 percent, corporate bonds: 10 percent, and money market funds: 0 percent
C) Small stocks: 0 percent, large stocks: 20 percent, high-risk corporate bonds: 0 percent, corporate bonds: 10 percent, and money market funds: 70 percent
D) Small stocks: 10 percent, large stocks: 60 percent, high-risk corporate bonds: 5 percent, corporate bonds: 15 percent, and money market funds: 10 percent