re: At how many years prior to retirement do you...

quote:

---

... plan to get out of stocks and equity funds entirely (if you do so plan)? And do you plan to taper on the way there?
Thank you.

---

Before retirement? I don't plan to be entirely out of equities. You don't sell off your entire portfolio the day you retire, so there is no need for 100% of your portfolio to be downturn proof. You only need enough of your portfolio out of equities to outlast the next downturn. What percentage that is depends entirely on how much of your annual retirement income will be funded by equity sales versus how much will be funded by everything else, e.g. dividends.