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Old 06-27-2019, 02:16 PM
 
32 posts, read 12,151 times
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I'm 100% equity (except for some spending cash) but I can cope with a 50% loss no problem because I have a pension/SS that I can live on. YMMV
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Old 06-27-2019, 02:18 PM
 
Location: SoCal
13,202 posts, read 6,308,074 times
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I have lots of cash, but that’s my play money. I only want to beat 5-year CDs. YMMV of course, no one size fits all.
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Old 06-27-2019, 02:47 PM
 
Location: The Berk in Denver, CO USA
14,018 posts, read 20,323,805 times
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Quote:
Originally Posted by ysr_racer View Post
No income?
Income = SS + tiny pension + her part-time job + tIRA withdrawals of 3.6%
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Old 06-27-2019, 02:52 PM
 
Location: The Berk in Denver, CO USA
14,018 posts, read 20,323,805 times
Reputation: 22734
Quote:
Originally Posted by Tallysmom View Post
If your retirement fund is in the millions, you should be very diversified.
Actually, the more assets you have in relation to your income needs, the less diversified you need to be.
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Old 06-27-2019, 04:18 PM
 
71,490 posts, read 71,674,131 times
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it takes the same high success rate to have 4% of 300k last 30 years as it does 3 million .... all the same rules about allocation applies... mistakes are just as damaging to the sustainability
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Old 06-27-2019, 05:06 PM
 
3,542 posts, read 1,350,218 times
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yes.
familiar.
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Old 06-27-2019, 05:32 PM
 
2,591 posts, read 5,284,814 times
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The "rule" is useful as a starting point, to be modified depending on your personal situation (do you have marginally enough or a lot more than enough?) and risk tolerance (would you be inclined to dump all your stocks in a downturn?).

Some have argued for lower stocks upon retirement but increasing stocks when well into retirement.

Personally I am at 50/50 early in retirement.
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Old 06-27-2019, 05:43 PM
 
Location: Rust'n in Tustin
2,176 posts, read 2,375,015 times
Reputation: 3807
Quote:
Originally Posted by reneeh63 View Post
Then you'll need to consult one and not make guesses or overly rely on broad generalizations spouted everywhere with no understanding of the underpinnings and whether they apply to your specific situation.
I have a CFP at fidelity. I've got a plan that we worked out. I just went last night too see what somebody else said (and get a free dinner).

You guys that manage your own money, do you also handle your own medical, legal, and taxes too?

I've got a guy for each one of those, just like I've got a guy to manage my finances.
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Old 06-27-2019, 05:45 PM
 
Location: Rust'n in Tustin
2,176 posts, read 2,375,015 times
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Free dinners are part of my financial plan
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Old 06-27-2019, 05:58 PM
 
71,490 posts, read 71,674,131 times
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Quote:
Originally Posted by ysr_racer View Post
I have a CFP at fidelity. I've got a plan that we worked out. I just went last night too see what somebody else said (and get a free dinner).

You guys that manage your own money, do you also handle your own medical, legal, and taxes too?

I've got a guy for each one of those, just like I've got a guy to manage my finances.
Been handling my own money for 30 years ....money mgmt is not hard if you take the time to learn.....no different then developing the skills to drive car cook do you need a professional driver ? Do you need a chef ?

What is hard and complex is good tax planning and can require a pro....
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