DenverCraig
Dryer sheet aficionado
Hi There,
I just found this forum. What a wealth (pun intended) of information!
Wife and I are 57. We've got several 401Ks @ about 1.5M. We've also got two rentals, and a fair chunk of cash so I think we're (or I'm, wife wants to continue to work) on my way to 59 1/2 retirement. Not the earliest of early retirement, but it'll work.
Anyway the thing I struggle with is what to sell and when, when I'm living off my retirement money. For example I just read an interesting book where he presents an all-weather retirement portfolio that has a magic mix of stocks and bonds guaranteed to last your lifetime and that kind of makes sense. But what they don't talk about is what assets to sell to live off of.
The bucket strategies have a cash bucket, so that makes sense, but even that, when you go to move from a not-cash bucket to the cash bucket, same question, what are the right assets to sell?
I have a few years to figure it out, but the forum suggests not just posting a I "Hi I'm Bob from Sacramento!" introduction, so I figured I'd share where I am.
Thanks!
DC
I just found this forum. What a wealth (pun intended) of information!
Wife and I are 57. We've got several 401Ks @ about 1.5M. We've also got two rentals, and a fair chunk of cash so I think we're (or I'm, wife wants to continue to work) on my way to 59 1/2 retirement. Not the earliest of early retirement, but it'll work.
Anyway the thing I struggle with is what to sell and when, when I'm living off my retirement money. For example I just read an interesting book where he presents an all-weather retirement portfolio that has a magic mix of stocks and bonds guaranteed to last your lifetime and that kind of makes sense. But what they don't talk about is what assets to sell to live off of.
The bucket strategies have a cash bucket, so that makes sense, but even that, when you go to move from a not-cash bucket to the cash bucket, same question, what are the right assets to sell?
I have a few years to figure it out, but the forum suggests not just posting a I "Hi I'm Bob from Sacramento!" introduction, so I figured I'd share where I am.
Thanks!
DC