Two outlets present the same guideline for a retirement portfolio “glide path” that adjusts equity exposure by age. According to the recommendations, at around age 45, an investor should hold equities of no more than 70% of the retirement portfolio. After age 45, the allocation to equities is expected to decline gradually. The guidance specifies that equity holdings should continue to be reduced until the investor reaches age 55. From age 55 onward, the recommendation is to maintain the equity allocation until retirement. Both sources frame this as a structured approach to managing risk over the retirement timeline, moving from a higher equity exposure earlier to a more conservative position as retirement approaches. The guidance focuses specifically on equity percentage targets and the age points—45 and 55—at which the allocation changes and then stabilizes.