This is automated in so - called lifestyle funds, so the individual doesn't have to worry about it, but it's often possible to choose a more active approach. (money.stackexchange.com)
Our plan is just like yours... boring, lazy, lifestyle fund investing for much of it, with a little investing fun money (5 dividend stocks) thrown in. (thecollegeinvestor.com)
This is shown to be true by the many Hollywood stars who have gone broke over the years, despite living extravagant lifestyles funded by a seemingly endless pile of money. (creditdonkey.com)