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Started By
Message
Investment guys on here, I have a question.
Posted on 5/12/21 at 12:56 pm
Posted on 5/12/21 at 12:56 pm
I'm about 6 years away from retirement and nervous as hell about the market. I could be wrong but I see the market crashing sooner than later. Should I pull the string and go to mostly cash or just take my chances and stay where I'm at? My investment risk is probably a little to high for my age.
6
Posted on 5/12/21 at 1:17 pm to The Shed
What are you invested in now? Your allocation shouldn't be risky that close to retirement.
Posted on 5/12/21 at 1:25 pm to Sterling Archer
40% stocks allocation is viable 6 years away from retirement. I personally wouldn’t go less than that.
Posted on 5/12/21 at 1:29 pm to The Shed
The journey is not over once you reach the peak of the mountain.
Matter of fact, more climbers die on the way down the mountain as their sense of alertness drops with the feeling of accomplishment. Similarly, more retirees run out of money during retirement bc they didn’t plan well enough.
Matter of fact, more climbers die on the way down the mountain as their sense of alertness drops with the feeling of accomplishment. Similarly, more retirees run out of money during retirement bc they didn’t plan well enough.
Posted on 5/12/21 at 1:29 pm to The Shed
50/50 stocks bonds
Pull off 3% of portfolio per year, maximum
If you do this, historically you have next to no chance of ever running out of money.
Pull off 3% of portfolio per year, maximum
If you do this, historically you have next to no chance of ever running out of money.
Posted on 5/12/21 at 1:41 pm to The Shed
quote:
I'm about 6 years away from retirement
How close are you to your number? If you want to retire in 6 years and you're only 40% of the way there, then you might want to consider sticking with mostly equities. If you're 80% there, then yeah, divert some to bonds.
Posted on 5/12/21 at 2:42 pm to The Shed
Might as well just ask a magic 8 ball if you already don't have a plan this close to retirement
Posted on 5/12/21 at 3:03 pm to jimbeam
quote:
Pull off 3% of portfolio per year, maximum
I've always seen and believed the correct percentage at 4%. Even if you have absolutely zero returns during retirement (highly unlikely), you'd make 25 years before running out
Posted on 5/12/21 at 3:29 pm to The Shed
You’ll have to give it all to a nursing home eventually anyway. I say frick it, keep that bitch rolling agressive.
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