Multiple outlets discuss how investors should approach asset allocation for goal-based investing. They argue that, for a “core portfolio” built around specific financial goals, the key driver is the return needed to meet those goals—not the investor’s age. The reasoning is that each goal implies a target outcome by a certain time horizon, and the portfolio mix should be designed to deliver the “minimum acceptable return” required to achieve that target. In this view, age may still influence planning indirectly through factors such as when goals are due or how much risk a person can tolerate, but it is not presented as the primary determinant of the asset allocation itself. Instead, the allocation is framed as a problem of matching expected asset returns and risk levels to the return requirement set by the goal. Overall, both sources emphasize goal-based asset allocation as a return-driven exercise, contrasting it with approaches that tie portfolio risk levels strictly to age.