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December 23, 2009, Cover Stories

Bridge to Somewhere

By Kerry Pechter   Wed, Dec 16, 2009

"Liability-driven investing for individuals" is how J. Brent Burns, MBA, (left), and Stephen J. Huxley, Ph.D., describe Asset Dedication, which is the name of their bond-laddering methodology, their book and their company.

Brent Burns and Steve Huxley of Asset Dedication, LLC, like to compare their retirement income-generating unified managed account to the Apollo moonshot, an event that most Boomers should have no trouble remembering.

The spacecraft's wobbly moonward path required a lot of course corrections along the way. Similarly, they point out a retirement portfolio won't adhere to a 30-year trajectory without frequent adjustments by an advisor.


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