i elected to stay invested when I retired. The majority of my portfolio was set up as 70% stocks via mutual funds and ETFs. This is a growth position with remainder in bonds, bond funds and 5% or so in cash. I had a smaller portfolio that was set up as strictly short term CDs such as 2 year CD ladders or tax free money market funds. This also included SS income. This met daily living expenses, property taxes and travel costs. No pensions and not required to take RMD yet. When added together it was a 60/40 portfolio and remains that way today and has been for nearly 6 years. RMD income is still a couple of years away so I anticipate some changes to an overall 50/50 portfolio to cover withdrawals.
Thanks for sharing. This reminds me to confirm my registration on the checking account. Even though it is joint, it has been over 2 decades since it was opened. I am not really sure how it would be handled upon death.
It is also a reminder that majority of people have an unexpected ending, therefore we should review these issues at least annually.
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i elected to stay invested when I retired. The majority of my portfolio was set up as 70% stocks via mutual funds and ETFs. This is a growth position with remainder in bonds, bond funds and 5% or so in cash. I had a smaller portfolio that was set up as strictly short term CDs such as 2 year CD ladders or tax free money market funds. This also included SS income. This met daily living expenses, property taxes and travel costs. No pensions and not required to take RMD yet. When added together it was a 60/40 portfolio and remains that way today and has been for nearly 6 years. RMD income is still a couple of years away so I anticipate some changes to an overall 50/50 portfolio to cover withdrawals.
Post: Growth Investing or Dividend Investing in Retirement?
Link to comment from October 26, 2024
Thanks for sharing. This reminds me to confirm my registration on the checking account. Even though it is joint, it has been over 2 decades since it was opened. I am not really sure how it would be handled upon death. It is also a reminder that majority of people have an unexpected ending, therefore we should review these issues at least annually.
Post: No Slowing Down
Link to comment from July 27, 2024