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Re: Do you like a simple plan?
Old 06-07-2005, 02:48 PM   #21
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Re: Do you like a simple plan?

Free-at-49,
Concerning your financial plans, I retired in 2000 with a few years to go before age 59 1/2 (although not as many as yours). Not sure from your post how your assets are allocated between deferred and not deferred, but a concern I would have is under allocating to stock, especially for someone so young. Without concerning cash flow tactics, I would develop the allocation break down that I felt provided the best chance of long term survival at my spending needs.

Doing this in 2000 I bought a bunch of bonds in taxable money to cover my cash flow until 59 1/2, but not on yield alone but with a ladder with securities to be cashed in full to support my projected cash needs. Most of my overall portfolio rebalancing, and stock investing, then occurred in my IRA. Perhaps your non-deferred assets would support such an approach and allow you greater flexibility in using stock investments.... Bill
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Re: Do you like a simple plan?
Old 06-07-2005, 05:58 PM   #22
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Re: Do you like a simple plan?

Quote:
Originally Posted by OldAgePensioner
Free,
I'm an American but worked overseas and just came home after 20 years away.* Bit of culture shock.

One thing that really cracks me up.* In England people shop nearly everyday for groceries and their refrigerators are about 1/3 US size.* The refrig in my condo is about 4 feet wide.
I'm very interested in your "culture shock" and your impressions of America after 20 years of living in a Europe (though England is not exactly Europe).* *I* grew up in Canada and lived in Western Europe for many years. Here in the US, I cannot get over the squalor, the violence, the emptiness in people, and of late all the warmongering.
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Re: Do you like a simple plan?
Old 06-07-2005, 05:59 PM   #23
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Re: Do you like a simple plan?

Quote:
Originally Posted by Free_at_49
... I cannot get over the squalor, the violence, the emptiness in people, and of late all the warmongering.
Apparently you need to spend a little time in Southeast Asia, perhaps starting with Bangkok.

But the majority of the people there, like just about everywhere else, are wonderful.
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Re: Do you like a simple plan?
Old 06-07-2005, 06:01 PM   #24
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Re: Do you like a simple plan?

Quote:
Originally Posted by WilliamG
Free-at-49,
Concerning your financial plans, I retired in 2000 with a few years to go before age 59 1/2 (although not as many as yours).* Not sure from your post how your assets are allocated between deferred and not deferred, but a concern I would have is under allocating to stock, especially for someone so young.* Without concerning cash flow tactics, I would develop the allocation break down that I felt provided the best chance of long term survival at my spending needs.*

Doing this in 2000 I bought a bunch of bonds in taxable money to cover my cash flow until 59 1/2, but not on yield alone but with a ladder with securities to be cashed in full to support my projected cash needs.* Most of my overall portfolio rebalancing, and stock investing,* then occurred in my IRA.* Perhaps your non-deferred assets would support such an approach and allow you greater flexibility in using stock investments.... Bill* * * *
some answers . . .

tax-deferred 40%
taxable 60%
stocks/bonds 30% / 70%

Taxable is mostly bonds, tax-deferred is where the equities are. I try to look at the portfolio as a whole. I retired in 2002, taking all my living expenses from bond dividends in taxable, and the portfolio is still growing better than inflation. Same as you, I'm re-balancing in my IRAs, but I'm ready to re-deploy my taxable account -- longer bonds & more equities.

According to conventional wisdom you & I have it all backwards -- For tax-efficiency, we're supposed to keep bonds in IRAs and equities in taxable accounts, in order to take advantage of the lower capital gains tax. I just don't understand how one can rely on stocks for a steady monthly income.

I'm all ears
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Re: Do you like a simple plan?
Old 06-07-2005, 06:35 PM   #25
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Re: Do you like a simple plan?

You want culture shock! Try moving from Colorado to New Orleans in the 1970's.

Still a 'Dam Yankee' after all these years.

One day I'll learn 'ta talk rite.' like the nineth ward.
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Re: Do you like a simple plan?
Old 06-07-2005, 06:56 PM   #26
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Re: Do you like a simple plan?

Quote:
Originally Posted by Free_at_49
I'm very interested in your "culture shock" and your impressions of America after 20 years of living in a Europe (though England is not exactly Europe).* *I* grew up in Canada and lived in Western Europe for many years. Here in the US, I cannot get over the squalor, the violence, the emptiness in people, and of late all the warmongering.
Yeah, going to the Post Office is not my favorite thing either.
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Re: Do you like a simple plan?
Old 06-07-2005, 07:44 PM   #27
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Re: Do you like a simple plan?

Quote:
Originally Posted by Free_at_49
I'm very interested in your "culture shock" and your impressions of America after 20 years of living in a Europe (though England is not exactly Europe). I grew up in Canada and lived in Western Europe for many years. Here in the US, I cannot get over the squalor, the violence, the emptiness in people, and of late all the warmongering.
Europe may not have the violence (debatable) but they sure have the squalor, the emptiness in people, and they were the biggest warmongerers of the twentieth century. You ever see the poor in Europe? They have no chance. Talk about class warfare. BTW: I do get a Canadian newcast on my DirectTV, and I do look at it from time to time. They got a little bit of squalor, also. Hmmm. Of course, that's our fault, too.
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Re: Do you like a simple plan?
Old 06-07-2005, 08:26 PM   #28
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Re: Do you like a simple plan?

Quote:
Originally Posted by Eagle43
Europe may not have the violence (debatable) but they sure have the squalor, the emptiness in people, and they were the biggest warmongerers of the twentieth century.* You ever see the poor in Europe?* They have no chance.* Talk about class warfare. BTW:* I do get a Canadian newcast on my DirectTV, and I do look at it from time to time.* They got a little bit of squalor, also.* Hmmm.* Of course, that's our fault, too.*
Excellent post Eagle. I was about to weigh in. You said it better.

JG
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