Factors Influencing Asset Allocation Implementation

Jane is a financial advisor who is responsible for managing a range of investment portfolios for her clients. One of her clients, a 50-year-old individual, is focused on retirement planning and has a moderate risk tolerance. Jane needs to decide on the appropriate asset allocation for this client's portfolio to balance growth and stability.

Discuss the key factors that Jane should consider when implementing an asset allocation strategy for her client. Include at least three important considerations in your response.