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6 steps to foolproofing a retirement portfolio

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How to bulletproof your retirement

You'd expect Tim McCarthy, the former president of Charles Schwab and the author of "The Safe Investor," to have the perfect retirement portfolio.

You'd be wrong.

After writing a piece about retirement plans, McCarthy decided to check on his own. "Sure enough, I didn't have nearly enough equities in my retirement plan," he said. Instead, his stocks were in his taxable accounts, and if he sold them to rebalance after the recent run-up, he'd owe taxes.