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.