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If you work for the government then you don't need any money in bonds or stocks, you'll get a nice retirement at 50 or 55.
If you are healthy and don't intend to stop working at 70 or 75 then you have a different perspective than someone who is a fat fack who's going to take early Social Security at 62.
Health matters. What also matters is how hard you worked to save money during your working life. What also matters is how well you manage your own retirement money.
If you work for the government then you don't need any money in bonds or stocks, you'll get a nice retirement at 50 or 55.
If you are healthy and don't intend to stop working at 70 or 75 then you have a different perspective than someone who is a fat fack who's going to take early Social Security at 62.
Health matters. What also matters is how hard you worked to save money during your working life. What also matters is how well you manage your own retirement money.
If you work for the government then you don't need any money in bonds or stocks, you'll get a nice retirement at 50 or 55.
If you are healthy and don't intend to stop working at 70 or 75 then you have a different perspective than someone who is a fat fack who's going to take early Social Security at 62.
Health matters. What also matters is how hard you worked to save money during your working life. What also matters is how well you manage your own retirement money.
Age DOESN'T matter.
my wife gets a local gov't pension but it is only 15% of all our income needs . so yes we do need bonds and cash to go with our stocks .
the pension only counts a bit towards the cash needed to live on .
age can matter depending who you are investing for . a retiree investing for legacy money who has other sources of income and does not have a heavy portfolio draw has different needs than a retiree investing for income. the length of time you can wait for recovery's matter . 100% equity's with no bonds , as an example only works well through retirement if you have a good up cycle before the down cycle . have a prolonged down cycle first and you can be in trouble with a 4% draw rate or higher ..
as far as allocation , ours changes with the newsletter but as of now .
30% domestic stocks
5% foreign stocks
59% bonds with 1/3 high yield as a lower volatility proxy for stocks . so far high yield is outperforming our equity's with about 1/2 the volatility of the s&p500
6% cash.
i play around with about 20k trading in and out of either gold , apple ,kmi, uso or exxon . right now it is in gld for i think the 5th time this year . averaging 37% so far on that money .
Last edited by mathjak107; 08-13-2016 at 04:40 AM..
i have been investing for 30 years . i have seen 2 crashes , which , before most people realized were near the bottom reversed direction and they missed the best times to buy anyway .
the biggest gains happen while those waiting to buy are still thinking it is a suckers rally . in the mean time the damage done to folks jobs , pay and lifestyle from those crashes out weighted any gains they saw . crashes do not happen in a vacuum .
the catch 22 is those that wish for these crashes do not usually have enough money invested yet to make a long term difference and those who do , end up just seeing the the drop as a huge stress and that outweighs any additional gains when you have a lot invested ..
Last edited by mathjak107; 08-13-2016 at 08:59 AM..
55 years of middle age. With banked sick leave I can retire early should an accident happen and I am unable to continue working.
At the last quarter check I am somewhere around
7% in Real Estate stock funds
9% International Bond funds
20% mostly US bond funds
11% International stock funds
53% mostly US stock funds
Close enough to my target not to worry about changing anything.
Quote:
Originally Posted by IDtheftV
No it doesn't.
If you work for the government then you don't need any money in bonds or stocks, you'll get a nice retirement at 50 or 55.
That depends upon which government. For the US Federal government to have that nice pension you had to start before in government service before 1984. And for those under Federal Employees Retirement System who began after the cutoff you can retire with a reduced pension, the full pension which is a fraction of the older civil service pension, at 55 to 57 years of age depending upon your year of birth.
I am retired and now have an allocation for reduced volatility:
Domestic Stock 18%
Bonds 56%
Short Term 18%
Other 8%
From 1970 to 2010 the lowest risk allocation was actually 28% stocks / 72% bonds.
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