mar350

I think in 2009 q2, remember what you're answering, maximising the bequest has higher risk tolerance than the previous objective, to meet living expenses in retirement (at very least because of longer time frame, also because it's discretionary!). Note the bequest alone doesn't increase risk tolerance.

My view, if the question was typical, e.g. "what factors limit their ability to take risk?" I would choose bequest as a last resort, there are normally more convincing risk factors to argue with.