60-40 portfolio is dead, but it's not the bond market that killed it, says financial planning icon Ric Edelman
1. 60-40 portfolios questioned; future investing needs more equities. 2. Longevity and healthcare costs drive new financial planning strategies. 3. Edelman advises 70-80% equity investment for retirement. 4. Bond ladder ETFs provide stable income amid increased life expectancy. 5. Healthcare expenses for retirees projected at $315,000 by 2024.