It doesn’t really matter what you “call” it — it’s the money you have to support your lives together. And something big has changed: you are no longer contributing. So you can’t take advantage of lower prices if a bear market comes!
First, I don’t know how you calculated 3 percent growth! The stock market has been averaging 10 percent growth over the past 50 years, with dividends reinvested. And dividends have totaled about 40 percent of total return over the long run. And even the bond portfolio has contributed fixed income, which should be considered part of your return this year.
I think you’re at the stage where you need some professional advice. Please read my latest column on a new service that find you a qualified, vetted, fiduciary investment advisor in your area.