Jerry, age 72, is retired. Jerrys primary investment objective is generating income. Based on the results of Jerrys risk tolerance questionnaire, he is a conservative investor. Generally, which of the following asset allocation strategies is most appropriate for Jerrys retirement investments?

a. 50% Equities and 50% Bonds.

b. 80% Bonds and 20% Equities.

c. 80% Equities and 20% Bonds.

d. 100% Bonds and 0% Equities.