I don't recall which thread contained the reference to this book, but the poster cited this author as suggesting that one could/should invest in iBonds for truly 'worry free' retirement income. There were a series of unanswered questions such as "what multiplier is needed at retirement to provide the stream of income?" Any regular here is familiar with the rule of 25, which is the inverse of the 4% withdrawal rate one hopes a diversified portfolio will provide.
That said, I got the book and am far enough along to post my findings. First is the link
I appreciated his anecdotes of the people who were on the verge of retiring to then meet up with the crash of 2000-2. And the Enron widow. These stories only reinforced my belief that much planning is needed in those final years, but he suggests that no amount of diversification will protect an investor from a long term bear market. I'm not convinced either way, but I still lean toward the 5-6 years of spending in bonds or cash equivalent, and the rest diversified among stocks, local and foreign.
I wonder if he's changed some of his advice given the drop in yield of the instrument he suggested to use 100%.
Joe JoeTaxpayer.com