Investments
I am 77 years old and have my investments with Edward Jones. 100% in Equities. My husband said he read that I should only have 35% in Equities at my age?? What is your Opinion I have plenty of Chicken Money set aside as well as I-Bonds and I have no bills. House is paid for.
Please give me your opinion
Terry Says
Wow, that’ a loaded question — literally. It’s entirely possible that you have so much money and such strong risk tolerance that you wouldn’t feel bad and could comfortably ride out a bear market that takes your stock portfolio down 20% or more. Most 77 year olds wouldn’t be so happy about that.
So the answer is it all depends on how much money you need to live, how much “other” chicken money you have, and whether you have long term care insurance to cover unexpected but very expensive care needs in the future.
I can’t give you an answer without knowing a lot more about your situation, lifestyle, and risk tolerance. But you won’t get that answer from a commissioned broker at a brokerage firm! You need to at least have a review with a fee-only FIDUCIARY financial advisor.
Fine one here: https://www.terrysavage.com/pam-krueger-wealthramp/
