The article points out that overly conservative investment strategies increase the risk of depleting retirement savings. The modern view is that stocks should be an important component of a retirement investment portfolio to generate income and address inflation and longevity risks. Some advisors recommend that clients in their 60s and early 70s allocate 40% to 60% of their funds to stocks, and even maintain a 20% to 40% stock exposure at age 80, while also advising against high-volatility assets such as IPOs.