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Would a Great Retirement Income Plan 5 yrs ago be the same today?
Posted on 1/12/24 at 10:14 am
Posted on 1/12/24 at 10:14 am
And I mean exactly the same. A Major Institute FP made up one of those fancy binders with 80 pages of what is and what might be 5 years ago when I toyed with retiring. Went back last week, and, the investment funds and strategy is the same.
Now, the questions that come up are: Was this plan so perfect that there was no need to change it? Or, It's been good enough to keep clients and we're too lazy to make it better.
Is there a program where I can input a list of stocks and backtrack the performance anyone can recommend?
Now, the questions that come up are: Was this plan so perfect that there was no need to change it? Or, It's been good enough to keep clients and we're too lazy to make it better.
Is there a program where I can input a list of stocks and backtrack the performance anyone can recommend?
4
Posted on 1/12/24 at 10:49 am to Enadious
I'm going to go with a hard no. Interest rates were substantially lower 5 years ago. To expect nothing has changed when the economy has been turned on it's head and back again seems a little too easy.
You can use tradingview.com to go back and see what the stocks did.
What was the plan?
You can use tradingview.com to go back and see what the stocks did.
What was the plan?
Posted on 1/12/24 at 10:51 am to Enadious
Retire today? As said, no. If I was retiring today a good chunk of my portfolio would be locking in 5-10 years of 4-5% returns that are available now that were absolutely not available 5 years ago and not even close.
I would have major issues with anyone that did not recommend the above for someone actually retiring.
Now if you are 5-10 years from retirement it’s a little different.
I would have major issues with anyone that did not recommend the above for someone actually retiring.
Now if you are 5-10 years from retirement it’s a little different.
Posted on 1/12/24 at 12:15 pm to UpstairsComputer
quote:
What was the plan?
13 MF/ETFs investing certain percentages in funds tracking the various sectors to have a 'diversified' portfolio largely for income and the rest for growth.
Posted on 1/12/24 at 1:05 pm to Enadious
So not really a plan, just a diversified portfolio?
And who is downvoting all of these? Must be the guy who tried to sell you all this 5 years ago :)
And who is downvoting all of these? Must be the guy who tried to sell you all this 5 years ago :)
Posted on 1/13/24 at 10:06 am to UpstairsComputer
quote:
I'm going to go with a hard no. Interest rates were substantially lower 5 years ago. To expect nothing has changed when the economy has been turned on its head and back again seems a little too easy.
Exactly. For that reason alone, it wouldn’t make sense for this “plan” to remain static.
Posted on 1/13/24 at 10:23 am to Enadious
quote:
Went back last week, and, the investment funds and strategy is the same.
The principles haven’t changed much. The biggest different in planning should be building ladders to lock in these 5% risk free returns. That’s about the only change I would expect outside of specific tax planning nuances.
Posted on 1/13/24 at 2:41 pm to Enadious
quote:
13 MF/ETFs investing certain percentages in funds tracking the various sectors to have a 'diversified' portfolio largely for income and the rest for growth.
That is not a retirement plan.
Posted on 1/14/24 at 8:45 am to UpstairsComputer
quote:
So not really a plan, just a diversified portfolio?
I'd live on my 'tax free' savings until they run out. The portfolio would have grown for those years untouched. Yes, it's a tax bomb. He wasn't concerned, because, "you can't get away from growing taxes."
I think the plan would work, meaning when I die I'd at least have a dollar in my account. But, any excess in taxes I paid, is money that could have gone to children.
Posted on 1/14/24 at 8:47 am to La Place Mike
quote:
That is not a retirement plan.
So, a basic retirement plan would include?
Posted on 1/14/24 at 9:02 am to Enadious
Portfolio Visualizer
This site will back test anything you can throw at it.
We hired a fee only advisor when we got married and decided to start pumping out kids. They gave us a huge binder with projections, etc. I pull it out every now and then just for grins. It is surprisingly accurate although after 20+ years the assumptions we made back then are totally different.
This site will back test anything you can throw at it.
We hired a fee only advisor when we got married and decided to start pumping out kids. They gave us a huge binder with projections, etc. I pull it out every now and then just for grins. It is surprisingly accurate although after 20+ years the assumptions we made back then are totally different.
Posted on 1/14/24 at 4:12 pm to Enadious
quote:
So, a basic retirement plan would include?
A Retirement plan is a plan for distribution. In other words Accumulation is pre-retirement. Distribution is retirement.
Posted on 1/14/24 at 5:53 pm to Enadious
I used to think like this, but no longer. I am semi-retired. I don't have a job any longer, but am an active investor. I am pulling some money from both taxable and tax free sources. I am using the mix to try and stay out of the top tax brackets. I am younger than typical retirement age, and plan to have some income for a number of years. I didn't want to exhaust my tax free options and be faced with hitting the higher brackets down the road. I also expect tax rates to be higher in the future.
Posted on 1/14/24 at 6:13 pm to baldona
Retire today? As said, no. If I was retiring today a good chunk of my portfolio would be locking in 5-10 years of 4-5% returns that are available now that were absolutely not available 5 years ago and not even close.
I would have major issues with anyone that did not recommend the above for someone actually retiring.
Now if you are 5-10 years from retirement it’s a little different.
_____________________
This is the traditional advice, but I have found my risk tolerance has kept me in higher earning assets. I have a buffer of assets in fixed income, but have kept a big chunk of money in a mix of stocks and real estate that is doing well.
I have 3 buckets of money/assets. Very short-term, medium-term, and long-term. The money in each bucket is invested in different types of assets. It is working pretty well for me so far. I have no problem keeping money in stocks. That part of my portfolio is in my long term bucket.
I would have major issues with anyone that did not recommend the above for someone actually retiring.
Now if you are 5-10 years from retirement it’s a little different.
_____________________
This is the traditional advice, but I have found my risk tolerance has kept me in higher earning assets. I have a buffer of assets in fixed income, but have kept a big chunk of money in a mix of stocks and real estate that is doing well.
I have 3 buckets of money/assets. Very short-term, medium-term, and long-term. The money in each bucket is invested in different types of assets. It is working pretty well for me so far. I have no problem keeping money in stocks. That part of my portfolio is in my long term bucket.
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