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A portfolio in retirement, in consideration of mortality
03-15-2007, 12:21 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,108
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A portfolio in retirement, in consideration of mortality
Oh how I want to buy cyclical income stocks.. however as the family money manager I think we need to hold assets that manage themselves (such as mutual funds/ETFs) and a easily executed deployment methodology. We aren't young any more, I don't think it is reasonable to expect him to pick up the ball if I can't to it any more. Has anyone else pondered this issue?
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Duck bjorn.
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Re: A portfolio in retirement, in consideration of mortality
03-15-2007, 12:38 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 4,459
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Re: A portfolio in retirement, in consideration of mortality
I guess the options are to keep your portfolio simple, explain the objectives in writing, or name a savvy trustee in your living trust. Or some combination.
I plan to train our kid to handle our investments in our dotage, but if something were to happen to me before the hand-off, I'm fairly confident in my wife's ability to seek wise counsel.
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Re: A portfolio in retirement, in consideration of mortality
03-15-2007, 12:47 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,108
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Re: A portfolio in retirement, in consideration of mortality
Well, I have one kid who is quite capable of doing that, but she would use mutual funds as she hasn't the time to watch stocks. Maybe I could just tell her to hire Brewer
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Duck bjorn.
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Re: A portfolio in retirement, in consideration of mortality
03-15-2007, 12:54 PM
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#4
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Recycles dryer sheets
Join Date: Jul 2005
Posts: 423
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Re: A portfolio in retirement, in consideration of mortality
Target retirement fund. Let a portfolio manager do the work, you enjoy the vacationing.
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Re: A portfolio in retirement, in consideration of mortality
03-15-2007, 01:46 PM
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#5
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Full time employment: Posting here.
Join Date: Jun 2006
Posts: 718
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Re: A portfolio in retirement, in consideration of mortality
Quote:
Originally Posted by Olav23
Target retirement fund. Let a portfolio manager do the work, you enjoy the vacationing.
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The last I looked the returns on Fidelitys was horrible. Im guessing you have a better spot for your money?
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Re: A portfolio in retirement, in consideration of mortality
03-15-2007, 02:49 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,108
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Re: A portfolio in retirement, in consideration of mortality
I am not impressed with Fido target retirement funds either. Vanguard's Wellesley or Wellington are much better in retirement funds, IMHO. Right now I have about 60% in Oakmark and Dodge & Cox balanced funds, + 5 yrs in mm/cd/I-bonds.
The part of my portfolio that needs managing is the 'alpha' section. Maybe I should just leave a note in our IRA file that says "If you need to manage these investments sell all but [ ? ] and buy [ ?]. Here is my plan for utilizing this resource..."
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Duck bjorn.
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