Portfolio Balance
As a retired couple, age 70 & 69, with $1.3 in a retirement portfolio, how would you recommend the investment ratio of Equities/Bonds? How aggressive should we be? I will begin taking SS this September and we will receive the Max benefit. We currently have been drawing about $11K per month. (Real Estate taxes are $26K per year) Home value $1.2M paid for. Thank you!!!!
Terry Says
OK, you really need at least one discussion with a financial planner you can trust. They can do “monte carlo” modeling to give you an investment/withdrawal plan that has the greatest possibility of making your money last as long as you do. Your life expectancy is at least 20 years at this point. Plan for one of you to live perhaps 10 years longer.
Here’s some simple math: Taking $130,000 a year out of a $1.3 million dollar portfolio will deplete in in 10 years– assuming the earnings just keep up with inflation! And that doesn’t take into account the possibility of losses in a bear market!!
You are on the wrong track. It’s not just about investments but an entire spending/lifestyle/withdrawal plan.
I suggest going to www.Wealthramp.com to find a FEE-ONLY FIDUCIARY financial planner who is not trying to sell you something. All the planners there have been carefully vetted.
