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There is 'no one size fits all'. We often make general pronouncements, but each situation is unique. The best advice is to find a good fee-based financial planner (if you don't have the expertise or inclination to do it yourself). He/she is going to look at current assets (going to assume a ror going forward), project future income stream, and expected expenses post retirement, adjusted for inflation for the remainder of expected life (out to age 100 or higher). We are a perfect example that 'one size doesn't fit all". Our current assets will provide a future income stream that will more than cover expected expenses post retirement (adjusted for inflation), with considerable assets likely remaining. There is no need for us to take unnecessary risks with current assets. For us, and I suspect some others, it's more about capital preservation than accumulation at this stage of our lives. I had always been an aggressive investor, but it was a epiphany, when I realized that we had 'enough'. At that point, I begin to think differently; this has affected my investment choices/preferences. One needs to ascertain that investing style/preferences/choices/allocation fit well into a well thought out financial plan.
There is 'no one size fits all'. We often make general pronouncements, but each situation is unique. The best advice is to find a good fee-based financial planner (if you don't have the expertise or inclination to do it yourself). He/she is going to look at current assets (going to assume a ror going forward), project future income stream, and expected expenses post retirement, adjusted for inflation for the remainder of expected life (out to age 100 or higher). We are a perfect example that 'one size doesn't fit all". Our current assets will provide a future income stream that will more than cover expected expenses post retirement (adjusted for inflation), with considerable assets likely remaining. There is no need for us to take unnecessary risks with current assets. For us, and I suspect some others, it's more about capital preservation than accumulation at this stage of our lives. I had always been an aggressive investor, but it was a epiphany, when I realized that we had 'enough'. At that point, I begin to think differently; this has affected my investment choices/preferences. One needs to ascertain that investing style/preferences/choices/allocation fit well into a well thought out financial plan.
You very well might have enough, but hiring a fee based advisor can also lock yi into recommendations of so called conventional wisdom that could be very misguided
If you have your assets all in guaranteed income for the rest of your life that tells me you're in all annuities and I'm sure if you pull back the curtain you're paying a boatload in fees. That would bother the crap out of me but like you said it's not one size fits all
You very well might have enough, but hiring a fee based advisor can also lock yi into recommendations of so called conventional wisdom that could be very misguided
If you have your assets all in guaranteed income for the rest of your life that tells me you're in all annuities and I'm sure if you pull back the curtain you're paying a boatload in fees. That would bother the crap out of me but like you said it's not one size fits all
Not true. We will have a mix of immediate annuities and stocks, but enough in annuities for an income stream that will more than cover projected expenses (adjusted for inflation) for the rest of our lives. As we discussed in another thread, fees for immediate life annuities are built into the product (maybe with the exception of Vanguard).
Location: Was Midvalley Oregon; Now Eastside Seattle area
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Quote:
Originally Posted by jp03
The market is running flat in spite of great earning reports everywhere. If you can't smell the bears breath you must have a head cold.
A negative Market would make me happier. I got a bunch of GLWB VA's that at are hitting the 10 year mark.
I also got some ADR's that should increase in US$ if the US Market falls (dollar falls in relation to foreign currency).
A negative Market would make me happier. I got a bunch of GLWB VA's that at are hitting the 10 year mark.
I also got some ADR's that should increase in US$ if the US Market falls (dollar falls in relation to foreign currency).
Another day of great earnings , a lower yield.....and a lower market.
I doubt I've ever understood the market, and this year is no different. I don't try to make sense of it, I just keep going, with the hope the long term trends will continue. ¯\_(ツ)_/¯
Well that is my point really. Market has only one way to go it seems.
The one way is to find the risk-adjusted sum of the present value of its future stream of earnings.
It's called rational expectations.
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